Moody's to acquire Financial Projections credit training unit
08 January 2008 | 8265 views | 0
Source: Moody's Corporation
Moody's Analytics, a division of Moody's Corporation (NYSE: MCO), today announced that it has acquired Financial Projections Limited, a UK-based provider of credit training services. Terms of the transaction are not being disclosed.
Financial Projections is a leading provider of in-house credit training services, with long-standing relationships among European banks and a strong reputation within the industry. Financial Projections will operate as a part of Moody's Credit Training Services, which provides extensive credit training and continuing education services comprising seminars (both in-house and open enrollment), e-learning and workbooks to customers worldwide.
"In the wake of recent developments in the credit markets, our customers are seeking to enhance their credit skills and processes. As a result, there is strong demand for Moody's credit training capabilities, and Financial Projections enables us to further expand our product offering and customer coverage," said Dan Russell, Executive Director and head of the credit training practice within Moody's Analytics.
Clive Humphrey of Financial Projections added, "We believe that Moody's is a great fit for Financial Projections, not only because of its focus on fundamental credit analysis, but also because Financial Projections will be able to offer a wider range of services to our customers on a global basis."