Moody's to acquire data provider Cortera

Moody's Corp. entered into a definitive agreement to acquire Cortera Inc., a provider of North American credit data and workflow solutions.

Financial terms of the deal were not disclosed.

The acquisition is expected to close in the first quarter. Cortera will be integrated into Moody's Analytics' research, data and analytics line of business.

Paul Hastings LLP served as legal adviser to Moody's on the transaction. Raymond James & Associates served as financial adviser to Cortera, and Morris Manning & Martin LLP served as legal adviser to Cortera.

The acquisition will be funded with cash on hand and is not expected to have any significant impact on Moody's 2021 earnings results.