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Moody's to buy South Africa's CA-Ratings for undisclosed sum


Published : Thu, 08 Mar 2007 15:28
By : Agencies
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LONDON (AFX) - Moody's Corp said it has agreed to buy South Africa-based CA-Ratings for an undisclosed sum.

CA-Ratings will become part of Moody's Investors Service South Africa.

The deal is expected to close within two months.

CA-Ratings is the larger of two domestic credit rating agencies in South Africa and is strong in municipal and fund ratings, Moody's said in a statement.

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