Moody's Local
Moody's Local is a wholly-owned subsidiary of Moody's Corporation that provides domestic credit ratings, ESG integration, and Second Party Opinions across 14 Latin American countries, serving governments, financial institutions, and corporate issuers with country-specific methodologies and local analyst teams.
- Company typePublic
- Founded2019
- HeadquartersNew York, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Moody's Local does
Moody's Local is a wholly-owned subsidiary of Moody's Corporation (NYSE: MCO) that operates as a network of domestic credit rating agencies across Latin America. Founded in 2019 and headquartered in New York, the company provides forward-looking, independent credit ratings on individual obligations and issuer creditworthiness, using methodologies calibrated for each local market and delivered by country-based analyst teams. Its service portfolio spans Moody's Local Credit Ratings, ESG Integration Services that systematically incorporate environmental, social, and governance factors into credit risk analysis, Second Party Opinions (SPOs) on sustainability-aligned debt instruments assessed against ICMA and LMA principles, and proprietary research reports across each jurisdiction.
The company's core technology is anchored in proprietary, country-specific rating methodologies and ongoing surveillance frameworks, supported by local analyst teams in each of the 14 countries it serves (Argentina, Bolivia, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru, Dominican Republic, and Uruguay). It operates 16 offices across the region, with Mexico City serving as the regional hub and dedicated General Managers for each sub-region. The platform was built through a deliberate roll-up strategy comprising the 2018 minority acquisition of ICR Chile, the 2019 integration of Equilibrium, the 2022 acquisition of Class Peru, the 2023 acquisition of SCR, and the 2025 completion of the ICR Chile deal.
Moody's Local generates revenue on a subscription/recurring fee basis, charging issuers including governments, financial institutions, and corporate issuers for initial rating assessments and ongoing surveillance. The go-to-market is relationship-driven enterprise field sales, with direct engagement between local analyst teams and issuer management throughout the rating committee process. Pricing is not publicly disclosed; customers engage the commercial team country by country. Named clients include Mexican state governments (Quintana Roo, Veracruz, Tamaulipas), CFE (Comisión Federal de Electricidad), and Mexican/brazilian banks (Bankaool, Invex Banco, Kapital Bank, Agibank).
Moody's Local firmographics
Firmographics- Name
- Moody's Local
- Legal name
- Moody's Corporation
- Website
- https://moodyslocal.com
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Moody's Local is a wholly-owned subsidiary of Moody's Corporation that provides domestic credit ratings, ESG integration, and Second Party Opinions across 14 Latin American countries, serving governments, financial institutions, and corporate issuers with country-specific methodologies and local analyst teams.
- Ownership category
- akta.pro rank
Moody's Local industry classification
Industry- Product category
- Credit Rating Services
- NAICS
- Credit Bureaus (561450), Activities Related to Credit Intermediation (5223)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Credit Research (FSACAGAB)
- akta.pro secondary industry
- Sustainable Finance & ESG Ratings/Benchmarking Support (EUAHAJAH)
Keywords
Where Moody's Local is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices14 records
Markets served
Moody's Local business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Credit Rating Services: Moody's Local generates revenue by providing domestic credit ratings to issuers including governments, financial institutions, and corporations across Latin America. Rating services are provided on a fee basis to rated entities, with ongoing surveillance and monitoring services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Moody's Local product offering
Product offeringCore offering
Moody's Local provides domestic credit ratings, research, and risk analysis to governments, financial institutions, and corporations across Latin America. Its ratings use methodologies calibrated to each country's market and are assigned by local credit analysts, with environmental, social, and governance considerations incorporated into credit analysis. The group also provides independent assessments of sustainability alignment and ongoing surveillance of rated entities.
Product overview
Moody's Local is a group of domestic credit rating agencies providing local ratings, research, and risk analysis services across Latin America. The portfolio consists of Moody's Local Credit Ratings (forward-looking opinions on credit quality), ESG Integration Services (environmental, social, and governance risk assessment), Second Party Opinions (sustainability alignment assessments), and Moody's Local Research Reports—all supported by methodologies calibrated for each country's market and delivered by experienced local analyst teams. The company operates across 14 Latin American countries including Argentina, Bolivia, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru, Dominican Republic, and Uruguay.
Differentiator
Problem solved
Functional benefit
Products and services
- Moody's Local Credit Ratings Provides forward-looking, independent opinions on the credit quality of individual obligations and on an issuer's general creditworthiness. It is used by governments, financial institutions, public and private corporations, and other issuers across Latin America, with methodologies calibrated to each local market.
- ESG Integration Services Integrates environmental, social, and governance considerations into credit risk analysis and reports on the ESG factors material to credit quality, including carbon transition, physical climate risks, water management, human capital, and governance categories.
- Second Party Opinions (SPOs) Provides independent assessments of how domestic debt instruments or financing frameworks align with sustainability principles, assessed against ICMA and LMA published principles and relevant local standard-setters.
- Moody's Local Research Reports Provides market-specific research and analysis on the financial stability and creditworthiness of organizations, debt instruments, and securities across Latin American markets.
Quantifiable outcome
- Moody's Local provides ratings and research across 14 countries in Latin America with 16 offices and experienced local analyst teams
Companies that use Moody's Local
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Moody's Local technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Moody's Local partnerships and signals
Strategic signalScale indicators4 records
Recent moves12 records
Expansion highlights5 records
Moody's Local competitors and assessment
Company assessmentDirect peers
- Fitch Ratings: Fitch Ratings is one of the three major global credit rating agencies and a direct competitor offering ratings in Latin America. It provides sovereign, corporate, and financial institution ratings across the same geographies as Moody's Local.
- S&P Global Ratings: S&P Global Ratings is the largest direct competitor to Moody's Local, providing credit ratings across sovereigns, corporates, and financial institutions globally including in Latin America. It competes head-to-head with Moody's Local for the same issuer base and rating mandates in the region.
- DBRS Morningstar: DBRS Morningstar is a global credit rating agency that provides ratings across multiple asset classes and geographies, including Latin America. It competes with Moody's Local for cross-border and Latin American issuer mandates.
- HR Ratings: HR Ratings is a Mexico-based domestic credit rating agency that directly competes with Moody's Local Mexico for sovereign, sub-sovereign, corporate, and financial institution rating mandates. It is one of the most established local-scale competitors in the Mexican market.
- Feller Rate: Feller Rate is a Chilean-based credit rating agency providing domestic-scale ratings across Latin America, with strong presence in Chile, Peru, Colombia, and other regional markets. It directly competes with Moody's Local for issuer mandates in the Andean region.
- PCR (Pacific Credit Rating): PCR is a Peru-based regional credit rating agency providing domestic-scale ratings across multiple Latin American markets, directly competing with Moody's Local for sovereign, corporate, and financial institution mandates in the Andean region.
Emerging players
- Scope Ratings: Scope Ratings is a European-headquartered credit rating agency that has expanded into select emerging markets. While it does not yet have deep LatAm coverage, it is an emerging player in the global ratings market that could compete for cross-border LatAm mandates.
- Sustainalytics: Sustainalytics is a leading ESG and sustainability ratings provider that competes with Moody's Local's ESG integration and Second Party Opinion offerings. It is an emerging player in the space that supports sustainable finance decision-making across Latin American markets.
Broad incumbents
- A.M. Best: A.M. Best is a global credit rating agency focused on the insurance industry, with growing presence in Latin America. It is a broad incumbent in the ratings space that intersects with Moody's Local's financial institution segment, particularly for insurance issuers.
Regional players
- Equilibrium (pre-acquisition): Equilibrium was a regional credit rating agency operating in Peru, Panama, and Bolivia before becoming part of Moody's Local group in 2019. It is listed here as a reference point for the kind of regional-only agency that competed with Moody's Local prior to its acquisition.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Moody's Local social profiles
Digital presenceMoody's Local financial estimates
Financial estimateRevenue estimate
Valuation estimate
Moody's Local leadership team
Management profileNumber of profiles
Profiles15 records
Moody's Local subsidiaries and ownership
Company hierarchySubsidiaries4 records
Moody's Local funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Moody's Local M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Moody's Local
What does Moody's Local do?
Moody's Local provides domestic credit ratings, research, and risk analysis to governments, financial institutions, and corporations across Latin America. Its ratings use methodologies calibrated to each country's market and are assigned by local credit analysts, with environmental, social, and governance considerations incorporated into credit analysis. The group also provides independent assessments of sustainability alignment and ongoing surveillance of rated entities.
Is Moody's Local a public or private company?
Moody's Local is a public company. It is classified as corporate owned and is currently operating.
When was Moody's Local founded?
Moody's Local was founded in 2019. It employs 251 to 500 people.
Where is Moody's Local based?
Moody's Local is headquartered in New York, United States, in the North America region.
How does Moody's Local make money?
One revenue line is on record: credit Rating Services.
Who are Moody's Local's main competitors?
Direct peers on record are Fitch Ratings, S&P Global Ratings, DBRS Morningstar, HR Ratings, Feller Rate and PCR (Pacific Credit Rating). Emerging players are Scope Ratings and Sustainalytics. A.M. Best is listed as a broad incumbent. Equilibrium (pre-acquisition) is listed as a regional player.
Does Moody's Local have an API?
No public API is recorded for Moody's Local.
What industry is Moody's Local in?
Moody's Local's product category is Credit Rating Services. Its primary akta.pro industry code is FSACAGAB, Credit Research, with a secondary code of EUAHAJAH, Sustainable Finance & ESG Ratings/Benchmarking Support. Its NAICS code is 561450 and its SIC code is 7320.