Moody's Corp. has announced that it has acquired Wall Street Analytics, a developer of structured finance analysis and monitoring software. The new entity will now be called Moody's Wall Street Analytics.
According to a company release, the acquisition is expected to broaden Moody's capabilities in the analysis and monitoring of complex structured debt securities as well as increase the firm's analytical and product development staff dedicated to creating new software and analytic tools for the structured finance market. Specifically, the addition of Wall Street Analytics enhances Moody's existing CDO product suite and immediately adds MBS and ABS analytic software capabilities, the release added. The purchase will allow Wall Street Analytics to tap into Moody's structured finance expertise, CDO and MBS databases as well as global product marketing capabilities in order to better serve the structured finance marketplace both U.S. and internationally.
"The structured finance markets are growing rapidly worldwide, bringing a heightened demand for supporting research, data and analysis," said Raymond McDaniel, Jr., chairman and chief executive officer at the rating agency. "Wall Street Analytics is an excellent addition that will help us meet the growing market demand for tools to analyze structured securities and accelerate our growth in this segment. This investment is also consistent with our strategy to invest in growth sectors that are highly complementary to our core businesses."