Concerns Grow Regarding Market Consolidation As Moody's Exits ESG Ratings Segment

7/10/2024 2:15:24 PM

(MENAFN- Investor Brand Network) Stakeholders believe that the
imminent exit
by Moody's from the environmental, social and governance (ESG) ratings segment may apply upward pressure on prices, speed up consolidation in the ratings segment and create a gap in the market. In a recent statement, the
leading global provider
of credit ratings, research and risk analysis confirmed that it would close its ESG solutions business and put an end to its scoring products. This comes after the company announced that it was party to a
strategic partnership with MSCI
last week.

Under the terms of this partnership, Moody's shall start offering MSCI ratings and data to its clients. MSCI shall also be provided access to the...

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