Moody’s to Acquire Full Ownership of Copal Amba
September 30 2014 - 7:00AM
Business Wire
Moody’s Corporation (NYSE:MCO) announced today that it has
agreed to acquire the remaining outstanding shares of Copal Amba.
Moody’s is currently a majority owner of Copal Amba, which was
formed through the acquisitions of Copal Partners in 2011 and Amba
Investment Services in 2013.
Copal Amba, a leader in the market for Knowledge Process
Outsourcing (KPO), provides offshore research, analytics and
business intelligence services to the financial and corporate
sectors. Its clients range from global financial institutions and
Fortune 100 corporations to boutique investment banks and asset
managers.
“Copal Amba has had strong momentum since its formation and has
expanded its penetration into the growing market for outsourced
financial research, analytics and business intelligence services,”
said Linda S. Huber, Executive Vice President and Chief Financial
Officer of Moody's.
The acquisition of the remaining shares is not expected to have
an impact on Moody’s earnings per share in 2014 and will be funded
from international cash on hand. The terms of the transaction,
which is expected to be finalized in Q4 2014, were not
disclosed.
ABOUT MOODY’S CORPORATION
Moody's is an essential component of the global capital markets,
providing credit ratings, research, tools and analysis that
contribute to transparent and integrated financial markets. Moody's
Corporation (NYSE: MCO) is the parent company of Moody's Investors
Service, which provides credit ratings and research covering debt
instruments and securities, and Moody's Analytics, which offers
leading-edge software, advisory services and research for credit
and economic analysis and financial risk management. The
Corporation, which reported revenue of $3.0 billion in 2013,
employs approximately 9,500 people worldwide and maintains a
presence in 33 countries. Further information is available
at www.moodys.com.
“Safe Harbor” Statement under the Private Securities
Litigation Reform Act of 1995
Certain statements contained in this release
are forward-looking statements and are based on future
expectations, plans and prospects for Moody’s business and
operations that involve a number of risks and uncertainties.
Moody’s outlook for 2014 and other forward-looking statements in
this release are made as of September 30, 2014, and the Company
disclaims any duty to supplement, update or revise such statements
on a going-forward basis, whether as a result of subsequent
developments, changed expectations or otherwise. In connection with
the “safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995, the Company is identifying certain factors that
could cause actual results to differ, perhaps materially, from
those indicated by these forward-looking statements. Those factors,
risks and uncertainties include, but are not limited to, the
current world-wide credit market disruptions and economic slowdown,
which is affecting and could continue to affect the volume of debt
and other securities issued in domestic and/or global capital
markets; other matters that could affect the volume of debt and
other securities issued in domestic and/or global capital markets,
including credit quality concerns, changes in interest rates and
other volatility in the financial markets; the level of merger and
acquisition activity in the US and abroad; the uncertain
effectiveness and possible collateral consequences of U.S. and
foreign government initiatives to respond to the current world-wide
credit disruptions and economic slowdown; concerns in the
marketplace affecting our credibility or otherwise affecting market
perceptions of the integrity or utility of independent agency
ratings; the introduction of competing products or technologies by
other companies; pricing pressure from competitors and/or
customers; the level of success of new product development and
global expansion; the impact of regulation as an NRSRO, the
potential for new U.S., state and local legislation and
regulations, including provisions in the Dodd-Frank Wall Street
Reform and Consumer Protection Act and anticipated regulations
resulting from that Act; the potential for increased competition
and regulation in the EU and other foreign jurisdictions; exposure
to litigation related to our rating opinions, as well as any other
litigation to which the Company may be subject from time to time;
provisions in the Dodd-Frank Act legislation modifying the pleading
standards, and EU regulations modifying the liability standards,
applicable to credit rating agencies in a manner adverse to credit
rating agencies; provisions of EU regulations imposing additional
procedural and substantive requirements on the pricing of services;
the possible loss of key employees; failures or malfunctions of our
operations and infrastructure; any vulnerabilities to cyber threats
or other cybersecurity concerns; the outcome of any review by
controlling tax authorities of the Company’s global tax planning
initiatives; the outcome of those legacy tax matters and legal
contingencies that relate to the Company, its predecessors and
their affiliated companies for which Moody’s has assumed portions
of the financial responsibility; the impact of mergers,
acquisitions or other business combinations and the ability of the
Company to successfully integrate acquired businesses; currency and
foreign exchange volatility; the levels of capital investments; a
decline in the demand for credit risk management tools by financial
institutions; and other risk factors as discussed in the Company’s
annual report on Form 10-K for the year ended December 31, 2013 and
in other filings made by the Company from time to time with the
Securities and Exchange Commission.
Michael Adler, 212-553-4667Senior Vice PresidentCorporate
Communicationsmichael.adler@moodys.comorSalli Schwartz,
212-553-4862Global Head of Investor Relationssallilyn.schwartz@moodys.com
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