Moody's Corporation now has an ownership stake of about 16.7% of the Company.
In a release, ChinaScope Financial, an integrated provider of China-focused analytics and business intelligence, announced it has received a strategic investment from Moody's Corporation, representing an ownership stake of approximately 16.7% of the Company.
"We are proud to have Moody's as a strategic partner, and we envision that a broad spectrum of synergies will result from this relationship," said Tom Liu, CEO of ChinaScope, "Moody's investment demonstrates confidence in the potential for growth in our Company and in the markets we serve."
The investment will help expand content offerings, upgrade technologies and enhance the Company's global and domestic sales capabilities. Additionally, ChinaScope and Moody's will seek to cooperate in commercial opportunities that benefit their customers.
"Moody's investment in ChinaScope underscores our commitment to serving the growing need among international market participants for high-quality financial information about Chinese companies," said Robert Fauber, Senior Vice President for Corporate Development at Moody's Corporation.
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