Moody’s to Acquire Minority Stake in Philippine Rating Services Corporation (PhilRatings)
Moody’s takes a minority stake in PhilRatings to pair global credit views with local Philippine market insight while keeping PhilRatings independent.
Headquartered in
“Strong domestic debt markets are essential to supporting sustainable economic growth,” said Wendy Cheong, Managing Director and Regional Head of
Domestic corporate bonds outstanding in the ASEAN region are more than twice the size of cross-border holdings, and the more than
“Moody’s Ratings’ global standards, best practices and technical support will help us advance our mission to strengthen the credit market infrastructure in the Philippines,” said Angelica B. Viloria, President of PhilRatings. “Moody’s role as a minority stakeholder reinforces our commitment to trust, credibility, and best‑in‑class credit ratings and research for the Philippine market.”
Following Moody’s investment, PhilRatings will continue to operate independently with its own management, governance and credit rating processes.
Moody's Ratings is the first global credit rating agency to invest in a domestic credit rating agency in
The terms of the transaction were not disclosed.
About Moody’s Corporation
In a world shaped by increasingly interconnected risks, Moody’s (NYSE:MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.
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Source: Moody’s Corporation Investor Relations