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Moody's invests in AI-based predictive analytics firm

May 29, 2018 8:30 AM ETMoody's Corporation (MCO) StockBy: Liz Kiesche, SA News Editor
  • 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)

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