Moody’s Corporation (NYSE:MCO) announced today that it has acquired the residential mortgage backed securities (RMBS) data and analytics assets of BlackBox Logic. Moody’s will integrate BlackBox Logic’s loan-level RMBS data and technologies into products of its Structured Analytics and Valuations (SAV) unit.
The enhanced residential mortgage loan data will be available through Moody’s Analytics bulk data feeds and Structured Finance Portal. These products feature extensive loan- and pool-level data for global securitized assets, as well as powerful cash flow analytics, risk monitoring and credit modelling tools. BlackBox Logic’s data further expands the company’s RMBS loan-level coverage, building on Moody’s acquisition of Lewtan Technologies in 2014.
"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.
The acquisition is not expected to have a material impact on Moody’s earnings per share in 2015 or 2016, and will be funded through US cash on hand. The terms of the transaction were not disclosed. SAV operates within the Research, Data and Analytics (RD&A) line of business of Moody’s Analytics.