Moody’s Corporation (MCO) announced today that it has acquired the structured finance data and analytics business of SCDM, a leading provider of analytical tools for participants in securitization markets.
SCDM, based in Frankfurt, serves a primarily European client base. The acquisition further extends the geographic footprint of Moody’s Analytics’ structured finance business and expands the capabilities of its growing data, analytics and reporting solutions.
“The addition of SCDM’s platform broadens the range of our solutions for global structured finance professionals,” said Gus Harris, Executive Director of Moody’s Analytics’ structured finance unit.
Moody’s Analytics’ solutions for the securitization market include extensive loan- and pool-level data for securitized assets, as well as cash flow analytics, risk monitoring and credit modelling tools, covering all major asset classes worldwide. Access is provided through a variety of distribution platforms, including the Structured Finance Portal, bulk data feeds and application program interfaces (APIs).
The terms of the transaction were not disclosed. The acquisition was funded from international cash on hand and is not expected to have a material impact on Moody’s earnings per share in 2017.