Moody’s Investors Service announced today that
it has entered into a Technical Services Agreement with Equilibrium, a
rating agency that provides credit rating and research services in Peru,
El Salvador, and Panama. Headquartered in Lima, Peru, Equilibrium has
been operating since 1996.
Equilibrium has a well established local presence in Peru and key
regions of Central America. Moody’s will
provide Equilibrium with technical support and analyst training based on
its globally recognized credit analysis techniques for companies,
municipal governments, financial institutions and structured financings.
Equilibrium will continue to provide domestic ratings services,
rendering opinions on the relative creditworthiness of issuers and
issues within Peru, El Salvador, and Panama. Separately, Moody’s
will continue to assign globally comparable ratings for domestic as well
as cross-border financings in Peru, El Salvador, and Panama.
"Moody’s affiliation
with Equilibrium is an additional step in extending our credit rating,
research, and analysis services in Latin America,”
said Chester Murray, Executive Vice President –
International of Moody’s Investors Service. "Moody’s
will also benefit from Equilibrium’s local
market knowledge.” "Peru and Central America represent growing
capital markets,” said Francisco Moreno
Ortiz, Chairman of Equilibrium. "By teaming
with Moody’s, we can better serve market
participants in the region.”
Moody's Investors Service is a leading provider of credit ratings,
research, and risk analysis. Moody’s
commitment and expertise contributes to stable, transparent and
integrated financial markets, protecting the integrity of credit. The
firm's ratings and analysis track debt covering more than 100 sovereign
nations, 12,000 corporate issuers, 29,000 public finance issuers, and
96,000 structured finance obligations. Moody's also publishes credit
opinions, research and commentary, serving more than 9,300 customer
accounts at some 2,400 institutions around the globe. Moody's Investors
Service is a subsidiary of Moody's Corporation (NYSE: MCO), which
reported revenue of $2.0 billion in 2006, employs approximately 3,600
people worldwide and maintains a presence in 27 countries. Additional
information about the company is available at www.moodys.com.
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