- Moody's (NYSE:MCO) makes a minority investment in QuantCube Technology, a Paris-based provider of artificial intelligence-based predictive analytics for corporate clients, financial institutions, and investment managers.
- “QuantCube’s capabilities align well with Moody’s objective of continuously enhancing the quality and timeliness of the information that informs our credit research and analysis, " says Rob Fauber, President of Moody’s Investors Service.
- The minority investment was funded through available offshore cash and won't have a material effect on Moody's 2018 financial results, the credit-ratings company says.
- Source: Press Release
- Previously: Moody's beats by $0.22, beats on revenue (April 27)