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Moody’s Investors Service, one of the three dominant global credit rating agencies, is acquiring a majority shareholding in Global Credit Rating (GCR), a leading credit rating agency in Africa. The move is based on Moody’s anticipation that there will be a robust increase in demand for credit rating services in Africa. Moody’s also has a significant stake in the Egypt-based Middle East Rating and Investors Service or MERIS.
Moody’s Investors Service, one of the three dominant global credit rating agencies, is acquiring a majority shareholding in Global Credit Rating (GC