Moody’s Buys Majority Stake in Indian Research Firm – NYTimes.com

NEW DELHI — Moody’s said on Monday that it had bought a majority stake in Copal Partners, a company that provides research and analysis for banks, hedge funds and private equity firms using analysts in India and other emerging markets.

Copal’s 1,250 analysts do equity research, due diligence on mergers and statistical analysis for dozens of big banks and funds, at a fraction of the cost of analysts in New York or London. The company’s revenue has increased at least 20 percent a year since 2006, and is projected to hit $50 million in 2011, Copal executives said on Monday.

via Moody’s Buys Majority Stake in Indian Research Firm – NYTimes.com.