Moody´s Corporation (NYSE:MCO) announced today that it has received all necessary regulatory approvals and has closed its acquisition of Fermat International, a leading provider of risk and performance management software to the global banking sector, according to the terms announced on September 15th, 2008.
About Moody´s Corporation
Moody´s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody´s Corporation (NYSE: MCO) is the parent company of Moody´s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody´s Analytics, encompassing the growing array of Moody´s non–ratings businesses including Moody´s KMV, a provider of quantitative credit analysis tools, Moody´s Economy.com, which provides economic research and data services, and Moody´s Wall Street Analytics, a provider of software for structured finance analytics. The Corporation, which reported revenue of $2.3 billion in 2007, employs approximately 3,500 people worldwide and maintains a presence in 29 countries. Further information is available at www.moodys.com.
