Moody’s Steals a KIS in Korea

Ratings agency Moody’s last week acquired 16 percent of Korean bond pricing vendor KIS Pricing for an undisclosed sum to strengthen its position in the country, where it already owns a controlling stake in KIS Pricing’s parent company, local ratings agency Korea Investors Service.

KIS Pricing provides bond pricing to financial institutions, asset managers and trust providers, as well as a database of fixed income information and consulting services.

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