Moody's Acquires BlackBox Logic, Adding to Its RMBS Tools

Moody's has acquired BlackBox Logic, a Denver-based residential mortgage-backed securities data technology company, for an undisclosed amount of cash, it announced in a Dec. 9 press release.

Moody's will integrate BlackBox's loan-level RMBS data and tools into its Structured Analytics and Valuations unit products, the company said. Meanwhile, other BlackBox products, including pool-level global securitized assets data, cash-flow analytics, and risk and credit modeling tools will beef up Moody's data feeds and Structured Finance Portal.

Moody's, which already acquired financial data analysis company Lewtan Technologies last year, hopes to secure its position in the market, Gus Harris, Moody's Analytics executive director, said in the announcement.

"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," he said.