Moody's Corporation Fully Acquires ICR Chile

Moody's Fully Acquires GCR Ratings

July 8, 2024

Financial Services

Moody's Corporation has completed a full acquisition of Global Credit Rating Company Limited (GCR), strengthening Moody's presence in Africa's domestic credit markets. GCR will continue to operate as an affiliate, maintaining its own rating methodologies and management team; terms were not disclosed.

Moody's to Acquire Majority Stake in Global Credit Rating Company (GCR)

February 2, 2022

Financial Services

Moody's Corporation agreed to acquire a 51% majority stake in Global Credit Rating Company Limited (GCR), a credit rating agency operating across Africa. The deal is subject to regulatory approvals and is expected to close in Q2 2022, with terms not disclosed.

Moody's to Acquire Class y Asociados S.A. Clasificadora de Riesgo (Class)

April 19, 2022

Financial Services

Moody's Corporation has agreed to acquire Class y Asociados S.A. Clasificadora de Riesgo (Class), a credit rating agency focused on Peru's domestic bond market. The acquisition will expand Moody's Local Peru platform, with Class initially operating separately before being integrated into Moody's Local Peru.

CDPQ Acquires Significant Stake in ICR (Investcorp Portfolio Company)

September 21, 2021

Marketing & Advertising

Caisse de dépôt et placement du Québec (CDPQ) will acquire a significant stake in ICR, the Investcorp‑backed strategic communications and advisory firm, joining Investcorp and ICR management to support the company’s growth and global expansion. The transaction is intended to accelerate ICR’s organic growth and acquisition strategy; it remains subject to customary regulatory approvals.

ICR Acquires Lumina Communications

May 2, 2023

Marketing & Advertising

ICR has acquired Lumina Communications, an award-winning B2B technology-focused PR firm specializing in cybersecurity, enterprise software and IT infrastructure. The acquisition doubles the size of ICR's Technology & Modern Mobility PR practice, expands its West Coast footprint with Lumina's flagship San Jose office, and brings more than 40 PR professionals and 50+ Lumina clients onto ICR's platform.

Fitch Learning to Acquire Moody’s Analytics Learning Solutions and the Canadian Securities Institute

August 16, 2025

Education

Fitch Learning has signed an agreement with Moody’s to acquire two businesses: Moody’s Analytics Learning Solutions (MALS) and the Canadian Securities Institute (CSI). The acquisitions will expand Fitch Learning’s offerings in credit training and professional certifications for commercial banking, consumer banking, and investment management, and are expected to close in the fourth quarter subject to regulatory approvals.