Moody's Acquires ICR Chile, Strengthening Presence in Latin America's Domestic Credit Markets

Strategic Insights -

Moody's Corporation has fully acquired ICR Chile, a leading provider of domestic credit ratings in Chile, further solidifying its presence in Latin America's domestic credit markets. This acquisition follows the company's 2019 purchase of a minority stake in ICR and is expected to enhance Moody's ability to provide high-quality credit ratings, research, and analytical services to market participants.

Key Takeaways:

  • Moody's has acquired ICR Chile, a leading provider of domestic credit ratings in Chile, expanding its presence in Latin America's domestic credit markets.
  • The acquisition follows Moody's 2019 purchase of a minority stake in ICR and will further strengthen its ability to provide high-quality credit ratings and research services to market participants.
  • ICR will continue to issue domestic ratings in Chile under its own rating process and methodologies, and will be fully integrated into Moody's Local, a group of leading credit rating agencies in Latin America.
  • The transaction has no material impact on Moody's 2025 financial results, according to the company.
  • Martin Fernandez-Romero, Managing Director of Moody's Local, stated, "Today's acquisition builds on our successful partnership with ICR and underscores our commitment to Chile's growing debt capital market."
  • ICR was founded in 2005 and is renowned for its high-quality analyses and expertise of its analytical teams, providing ratings across a diverse range of sectors.
  • The acquisition is expected to contribute to greater transparency in Latin America's credit markets and enhance Moody's ability to provide high-quality credit ratings and research services.

Statistics:

  • Moody's has acquired 100% of ICR Chile, expanding its presence in Latin America's domestic credit markets.
  • The acquisition follows Moody's 2019 purchase of a minority stake in ICR, demonstrating the company's commitment to strengthening its presence in the Latin American market.
  • ICR Chile has been recognized for its high-quality analyses and expertise of its analytical teams, providing ratings across a diverse range of sectors.
  • Moody's Local is a group of leading credit rating agencies in Latin America, covering 13 domestic financial markets.

Sources:

  • Moody's Corporation press release, dated June 25, 2025.
  • Moody's Local website, moodyslocal.com.
  • Moody's Corporation website, moodys.com.
  • Business Wire, "Moody's Completes Acquisition of ICR Chile".

https://www.businesswire.com/news/home/20250625206881/en/Moody%27s-Completes-Acquisition-of-ICR-Chile