Source: Moody's Investors Service
Moody's Investors Service announced today that it has entered into a Technical Services Agreement with Equilibrium, a rating agency that provides credit rating and research services in Peru, El Salvador, and Panama.
Headquartered in Lima, Peru, Equilibrium has been operating since 1996.
Equilibrium has a well established local presence in Peru and key regions of Central America. Moody's will provide Equilibrium with technical support and analyst training based on its globally recognized credit analysis techniques for companies, municipal governments, financial institutions and structured financings. Equilibrium will continue to provide domestic ratings services, rendering opinions on the relative creditworthiness of issuers and issues within Peru, El Salvador, and Panama. Separately, Moody's will continue to assign globally comparable ratings for domestic as well as cross-border financings in Peru, El Salvador, and Panama.
"Moody's affiliation with Equilibrium is an additional step in extending our credit rating, research, and analysis services in Latin America," said Chester Murray, Executive Vice President - International of Moody's Investors Service. "Moody's will also benefit from Equilibrium's local market knowledge."
"Peru and Central America represent growing capital markets," said Francisco Moreno Ortiz, Chairman of Equilibrium. "By teaming with Moody's, we can better serve market participants in the region."