Seeking to boost the capability of its Structured Analytics and Valuations unit, Moody’s Corporation (MCO) announced the acquisition of the residential mortgage-backed securities data and analytics assets of BlackBox Logic.
According to Moody’s will integrate BlackBox Logic’s loan-level RMBS data and technologies into products of its Structured Analytics and Valuations unit.
In a release, Moody’s said that the acquisition will allow it to offer enhanced residential mortgage loan data through the company’s analytics bulk data feeds and structured finance portal.
Other tools available in Moody’s analytics bulk data feeds and structured finance portal include extensive loan- and pool-level data for global securitized assets, cash flow analytics, risk monitoring and credit modeling tools.
"BlackBox Logic’s extensive data set extends the scope of Moody’s Analytics loan-level coverage and further strengthens our position as a global leader in the modeling and analysis of securitized transactions,” said Gus Harris, executive director, Moody’s Analytics.
In its release, Moody’s stated that the acquisition is not expected to have a material impact on the company’s earnings per share in either 2015 or 2016.
The acquisition will be funded by Moody’s cash on hand.
Financial terms of the deal were not disclosed.