LONDON, UK: Daily Mail and General Trust (DMGT) has agreed the sale of RMS, its insurance risk business, to Moody’s Corporation, a global integrated risk assessment firm, for approximately £1.425 billion in cash at completion. DMGT in discussions to sell insurance risk division; Rothermere may acquire remaining shares of DMGT Paul Zwillenberg, CEO, commented: “The sale of…
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Moody’s acquires stake in Islamic rating agency, strengthening presence in key ASEAN market
NEW YORK: Moody’s Corporation has acquired a minority stake in Malaysian Rating Corporation Berhad (MARC), a credit rating agency serving the Malaysian domestic bond and sukuk markets, a news release said. The investment strengthens Moody’s presence in Southeast Asia and across domestic bond markets globally, and advances its position as a leader in Islamic finance.…
Moody’s announces environmental sustainability commitments
NEW YORK: Moody’s Corporation has established new environmental sustainability commitments and progress milestones, including plans for expanding its carbon neutrality and procuring 100% renewable electricity, as well as target goals for reducing its greenhouse gas (GHG) emissions. “Contributing to an environmentally sustainable global future is a key business objective for Moody’s,” said Mark Kaye, Chief…