Moody's Corp. acquired Deloitte & Touche LLP's ABS Suite, a software platform used for the administration of asset-backed securities and mortgage-backed securities programs.
Financial terms of the deal were not publicly disclosed, and Moody's expects no material impact on its earnings due to the transaction.
Customers of Deloitte's ABS Suite include five of the top eight credit card issuers and five of the top 10 auto finance issuers, according to a news release. The acquisition strengthens Moody’s Analytics' structured finance solutions offering.
