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S&P Global CIO Out Amid Broad Operations Reshuffle

S&P Global Inc. Chief Information Officer Krishna Nathan is leaving the company following a broad reorganization at the financial data and analytics firm. Swamy Kocherlakota, the company’s head of global infrastructure and enterprise transformation, is now CIO, reporting to financial chief Ewout Steenbergen. Overseeing S&P’s global digital infrastructure group, he will focus on infrastructure, cloud strategy, information security and business ... Read More »

FICO: Your Company’s Cyber Score Will Be as Important as Its Credit Rating

Cybersecurity Predictions 2018: Cyber Scores and Stolen Eyes “The more things change, the more they stay the same.” That 1849 quip from Jean-Baptiste Alphonse Karr somehow seems fitting for today’s cybersecurity industry. In 2017 we saw massive change in the speed, creativity and magnitude of attacks — yet the industry plodded along on important issues such as timely data breach disclosures. ... Read More »

S&P Global Realigns Operational Structure

S&P Global Reveals New Integrated Operating Model to Power the Markets of the Future – Innovative Strategy will enable the Company to Deliver and Execute with Agility, Authority, and Accountability Seeing a global economy full of opportunity, S&P Global (NYSE: SPGI) announced that it will launch a new, integrated operating model effective January 1, 2018. This innovative approach will result in ... Read More »

Moody’s Acquires Rockport VAL, LLC

Moody’s Corporation announced that it has made a minority investment in Rockport VAL, LLC, a provider of cloud-based commercial real estate (CRE) valuation and cash flow modeling tools. Moody’s investment is intended to accelerate and broaden Rockport VAL’s product roadmap and drive its adoption among CRE market participants. In collaboration with Rockport VAL, Moody’s Analytics will expand its offering of CRE solutions, ... Read More »

Crisil Withdraws Proposal to Enter P2P biz: Finmin

Credit rating agency Crisil has withdrawan its application to enter peer-to-peer lending business, the Department of Economic Affairs had announced recently.  DEA, in the finance ministry, also said it has disposed of six FDI proposals aggregating to foreign investment of Rs 85.45 crore during September DEA, in the finance ministry, also said it has disposed of six FDI proposals aggregating ... Read More »

Moody’s Analytics Launches the CreditLens™ Platform

Moody’s Analytics has launched the CreditLens platform, our next-generation credit origination and risk monitoring solution. This new platform offers flexibility, configurability, and efficiency to lending institutions striving to establish smarter and leaner loan origination practices. The CreditLens platform reduces time-to-decision while tapping into powerful models and insightful analytics that help lenders manage risk and drive productivity. Lenders gain efficiency from the solution’s ... Read More »

Moody’s Announces Strategic Investment in CompStak

Moody’s Corporation (NYSE:MCO) announced today that it has made a strategic investment in CompStak, a provider of commercial real estate (CRE) lease information. Working together, CompStak and Moody’s Analytics will partner to reach additional markets and to develop new products and technologies that meet the needs of CRE finance and risk professionals.  Moody’s Analytics will gain access to CompStak’s crowd-sourced data set, which ... Read More »

CRIF Ratings Becomes a Standalone Legal Entity

The potential for development of the Agency’s European-based activity has led to CRIF Ratings being an autonomous legal entity compared to the past in which it was a dedicated division within CRIF SpA. This is an important milestone in a path that attests to the consolidation of a strategic aspiration, ie to place the Agency at the service of investors ... Read More »

Moody’s Completes Acquisition of Bureau van Dijk

Moody’s Corporation (NYSE: MCO) announced on August 10th 2017 that it has completed its acquisition of Bureau van Dijk, a global provider of business intelligence and company information. The acquisition strengthens Moody’s position as a leader in financial risk data and analytical insight. Moody’s announced that it had agreed to acquire Bureau van Dijk on May 15, 2017 and, on ... Read More »

Moody’s Q2 2017 Revenue Up 8%

Moody’s Corporation reported record revenue of $1.0 billion for the three months ended June 30, 2017, up 8% from the same period of 2016. Operating expense totaled $543.0 million, up 5% from the same period in 2016. Operating income was $457.5 million, up 12% from the prior-year period, and adjusted operating income (operating income before depreciation, amortization and expenses associated ... Read More »

CRISIL Gets Foothold in Rival CARE with 8.9% Stake Purchase

Credit-rating agency Crisil announced it had taken 8.9% stake in local rival Credit Analysis & Research (CARE), in what analysts said was the first step towards a potential acquisition of the company in the future. Crisil, a subsidiary of Standard & Poors, purchased 26.22 lakh shares at `1,659.79 from Canara Bank in a bulk deal executed early on Thursday morning, ... Read More »

ESMA Fines Moody’s for Credit Ratings Breaches

The European Union’s markets regulator has fined Moody’s (MCO.N) 1.24 million euros ($1.4 million) for failing to give investors sufficient information about how ratings on major institutions such as the EU were compiled. The European Securities and Markets Authority (ESMA) said Moody’s German and UK branches “negligently committed two infringements of the Credit Rating Agencies Regulation regarding their public announcement ... Read More »