Moody's completes acquisition of GCR Ratings | TheCable

completedMarc Joffe, chief executive officer of GCR, said this in a statement made available to TheCable on Thursday.

With the acquisition, GCR becomes an affiliate of Moody’s Global Services, offering its rating methodologies and issuing its credit ratings.GCR operates in Africa with a broad geographic footprint inSouth Africa, Nigeria, Senegal, Kenya, and Mauritius. “GCR expects this acquisition will further solidify its position as a leading provider of quality, objective and independent credit opinions on African markets,” Joffe said.

“GCR’s 25 year proven track record and successful domestic operations across the African continent, together with Moody’s international expertise represents a unique opportunity to contribute to the development of capital markets and the wider economies across Africa.”As part of the broader GCR acquisition, African Women Chartered Accountants Investment Holdings has acquired a 20 per cent stake in GCR South Africa.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asharami Synergy targets 30% aviation fuel market share | TheCableAsharami Synergy Limited, a Sahara Group Downstream Company, says it aims to achieve a 30 per cent market share of Nigeria’s Aviation Turbine Kerosene (ATK), also known as aviation fuel.
Source: thecableng - 🏆 2. / 80 Read more »