Moody’s Corporation (NYSE:MCO) announced that it has agreed to acquire Class y Asociados S.A. Clasificadora de Riesgo (S.A.) (Class), a leading credit rating agency serving Peru’s domestic bond market. The acquisition will extend Moody’s growing presence across Latin America and expand its Moody’s Local platform while reaffirming its support for the growth of capital markets in the region. Moody’s intends to integrate Class into Moody’s Local Peru.

“Peru’s dynamic domestic capital market is a priority for Moody’s as we continue to grow our presence across Latin America,” said Renzo Barbieri O’Hara, General Manager of Moody’s Local Peru. “With Class, we are excited by the opportunity to deepen our analytical capabilities to help further develop the Peruvian capital markets.”

Based in Lima, Class covers Peruvian corporates, municipalities, banks, insurance companies, and other financial institutions. Its team of analysts draws on years of experience working in Peru’s capital markets to provide market participants with valuable insights on credit risk.

Prior to the merger, Class will maintain separate operations, analytical staff, and credit rating processes. Once the integration is complete, Class’s ratings portfolio and its team of rating analysts will become part of Moody’s Local Peru.

Moody’s Local is a domestic credit ratings platform launched in 2019 to provide ratings and research to capital markets across Latin America. The platform combines tailored methodologies with experienced teams of local analysts to provide valuable insight. In addition to Peru, Moody’s Local operates in Argentina, Bolivia, Brazil, Panama, and Uruguay. For more information, visit

The acquisition was approved by the Peruvian Superintendence of the Securities Market (Supertintendencia del Mercado de Valores – SMV). The acquisition will be funded with cash on hand and is not expected to have a material impact on Moody’s 2022 financial results.


Moody’s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions, and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared   progress. With over 13,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at

Source: Moody’s Press Release