08:27 AM EDT, 08/25/2025 (MT Newswires) -- Moody's (MCO) said Monday that it plans to secure a majority equity stake in Middle East Rating & Investors Service, a domestic credit rating agency in Egypt known as Meris.

Financial terms of the deal, subject to regulatory approval, were not disclosed.

Moody's said Meris, founded in 2003 as a joint venture between Moody's and local Egyptian consulting firm FinBi, will continue to operate independently with its own management team and rating practices after the deal.