Moody'sCorp. has acquired full ownership of Korea Investors Service, aprovider of domestic credit ratings in Korea.
Korea Investors Service has been a majority-owned affiliateof Moody's Investors Service since 2001. Korea Investors Service CEO Jae-HongLee will continue to lead the company.
KIS Ratings will be retained as an independent affiliate ofMoody's Investors Service.
Moody's will also gain a majority ownership stake in KISPricing, a majority-owned subsidiary of Korea Investors Service and provider ofpricing services and analytics for fixed income and other local securities.
The terms of the deal were not disclosed.
The transaction is not expected to have a significant impacton Moody's EPS for 2016 and will be funded from international cash on hand.