Moody’s Acquisition Not Transparent

Moody’s Corporation (MCO) announced today that it has received all necessary regulatory approvals and has closed its acquisition of Fermat International, a leading provider of risk and performance management software to the global banking sector, according to the terms announced on September 15th, 2008. But they have not announced any details. Given Moody’s stature in the economy you would think they could take a moment and explain a few things.

After all this is what they say about themselves “Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets”