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Ratings Agency Fitch Bids For Mergermarket

Fitch Group has lodged an interest in acquiring Mergermarket, which charges subscribers fees for supplying information about takeover deals and companies to the City and Wall Street.  The business is being sold by Pearson, the FTSE-100 media and education group which owns the FT and a stake in Penguin Random House, the global book publisher. Final bids for Mergermarket are ... Read More »

CRIF Rating Agency Appoints Michael L. Buneman as Senior Adviser

CRIF Rating Agency has announced that it has appointed former Moody’s executive Michael L. Buneman as Senior Adviser for its pan-European expansion. In his work with CRIF Rating Agency, Michael will be tasked with the developing of the Agency’s franchises outside of Italy, focusing initially on the Spanish debt capital markets, and subsequently in France and the German-speaking countries.  His ... Read More »

Moody’s Donates $50,000 to Aid Typhoon Haiyan Relief

Moody’s Corporation (NYSE:MCO) today announced that it has made a $50,000 donation to the American Red Cross through its philanthropic arm, The Moody’s Foundation, to support relief efforts for victims of Typhoon Haiyan (known locally as Typhoon Yolanda) in the Philippines and surrounding areas. “Our thoughts are with the people of the Philippines and their families around the world as ... Read More »

Credit Information Q3 2013 Growth Rates are Buffeted by Headwinds

Headwinds almost everywhere!  From marketing to credit information and ratings.  Comments to this effect came from the CEOs of Equifax, Experian and TransUnion although Equifax’s growth rates were above those of its competitors.  The headwinds appear to be in mortgage markets retarding growth. Experian’s organic growth was 6% while Equifax grew organically by 9%.  Equifax’s commercial solutions grew at 10%, unfortunately ... Read More »

Ark Analytics Launched in Switzerland

We came across a recent start-up called Ark Analytics AG based in Switzerland.  The company offers a range of analytics capabilities for use in banking, corporations and insurance.  It is our understanding the founders and the expertise of Ark Analytics came from Hellastat Greece information and rating company. CREDITARK® is a complete solution for the support of decision making in ... Read More »

Moody’s Q3 Revenues Disappoint with 2% Growth

Moody’s reported revenue of $705.5 million for the three months ended September 30, 2013, up 2% from $688.5 million for the third quarter of 2012.  Operating expenses for the third quarter of 2013 totaled $414.0 million, 1% lower than the prior-year period.  Operating income for the quarter was $291.5 million, an 8% increase from $269.7 million for the same period last year.  Adjusted operating income, defined as operating income ... Read More »

McGraw Hill Financial, Inc. Q3 Revenues up 7%

McGraw Hill Financial, Inc. (NYSE: MHFI) today reported third quarter 2013 results with revenue of $1.19 billion, an increase of 7% compared to the same period last year and 8% excluding the impact of the sale of Aviation Week.  Net income and diluted earnings per share from continuing operations were $235 million and $0.84, respectively. “The strength of our portfolio ... Read More »

Crisil Jul-September Quarter Net Profit up 95% at Rs 117 crore

Crisil Ltd, the Indian Rating Agency, reported 95.6 per cent rise in net profit at Rs 116.81 crore for the quarter ended September 30, 2013.  The company had registered net profit of Rs 59.73 crore during the same period a year earlier, it said in a filing to the BSE.  Its consolidated income from operations stood at Rs 286.40 crore for the quarter ended September ... Read More »

CRIF Rating Agency and Informa D&B to Develop CRIF Ratings in Spain

CRIF Rating Agency has announced its entry into the Spanish market through a partnership with Informa D&B.   CRIF ratings will give investors an alternative and independent opinion on the creditworthness of Spanish companies.  Specifically, the two companies have signed a collaborative agreement through which CRIF, the ESMA-registered (European Security Market Authority) Credit Rating Agency, will extend its activities to the ... Read More »

EACRA – European Association of Credit Rating Agencies Meets in Istanbul

The Members of the European Association of Credit Rating Agencies met in Istanbul on September 26th and 27th to discuss important topics on the agenda for the industry: international framework for CRAs, the use and mapping of ratings and the planned implementing standard in Europe (CRA III). About EACRA:  The European Association of Credit Rating Agencies (“EACRA”), registered in Paris, was established in November ... Read More »

CRISIL India to Sell its Stake in IISL

CRISIL Ltd, a subsidiary of S&P, has informed the Indian Stock Exchange that the it will be selling its equity stake in India Index Services & Products Limited (IISL), comprising 6,37,000 equity shares of face value Rs. 10 each and representing 49% of the total equity share capital of IISL, its Joint Venture with National Stock Exchange of India Limited ... Read More »

McGraw Hill Financial Increases Stake in CRISIL (India) to 67.8%

McGraw Hill Financial (NYSE: MHFI) has increased its equity position to 67.8% (from 52.8%) in CRISIL Limited, an Indian based analytical company and India’s leader in credit ratings and research. As part of the voluntary tender offer announced in June 2013, McGraw Hill Financial acquired 10,623,059 equity shares from shareholders of CRISIL, which represents 15.1% of the total equity shares ... Read More »

McGraw Hill Financial Revenues up 17%

McGraw Hill Financial, Inc. (NYSE: MHFI) reported revenue of $1.25 billion, an increase of 17% compared to the same period last year.  Net income and diluted earnings per share from continuing operations were $250 million and $0.90, respectively. Excluding the impact of one‐time costs related to the Growth and Value Plan, adjusted net income from continuing operations increased 28% to ... Read More »

Moody’s Q2 2013 Revenues up 18%

Moody’s reported revenue of $756.0 million for the three months ended June 30, 2013, up 18% from $640.8 million for the second quarter of 2012. Operating expenses for the second quarter of 2013 totaled $405.2 million, a 12% increase from the prior-year period.  Operating income for the quarter was $350.8 million, a 26% increase from $278.5 million for the same period last year. Adjusted operating income, defined as operating ... Read More »

CRISIL Q2 Net Profit up at Rs. 60.52 Crore (22%)

CRISIL Ltd has posted a net profit of Rs. 528.30 million for the quarter ended June 30, 2013 as compared to Rs. 432.20 million for the quarter ended June 30, 2012. Total Income has increased from Rs. 1841.70 million for the quarter ended June 30, 2012 to Rs. 2140.70 million for the quarter ended June 30, 2013. The Group has ... Read More »