Moody’s to Increase Ownership in Egypt's MERIS Ratings

Moody’s Corporation (NYSE:MCO) announced that it intends to secure a majority equity stake in Middle East Rating & Investors Service, a domestic credit rating agency in Egypt. The transaction extends the long-established partnership between the companies and deepens Moody’s presence in the Middle East and Africa, reaffirming its commitment to contribute to the ongoing development of local capital markets across the globe.

“We are excited to strengthen our relationship with MERIS, which has been an important provider of domestic credit ratings in Egypt for over two decades,” said Monica Merli, Chief Operating Officer of Moody’s Ratings. “We look forward to further sharing Moody’s global best practices with MERIS as its experienced team and trusted local insights continue to serve market participants in Egypt.”