Woodham, who is also head of business development at Moody’s – which bought KMV in April last year for $210 million – declined to elaborate further on specific plans, but added that no deal was imminent. He said there were limited growth opportunities for the rating entity except for some narrow geographical expansion. “But most of that [has been achieved] through joint ventures and alliances that have already been put in place.”
Woodham said a lot of Moody’s organic and acquisition growth would be related to the Moody’s KMV entity, which he took charge of earlier this month. While declining to name possible targets for acquisition, Woodham said the integration of existing products to help clients understand, measure and monitor credit risk with regard to Basel II – the new set of international capital rules due for implementation in late 2006 – would be a priority this year.