Dun & Bradstreet to Spin Off Moody's Division
The split is subject to approval by the company's board of directors and a favorable tax ruling.
The company said its business-information division, which is called the Dun & Bradstreet Operating Co. and accounts for more than half its revenues, has been underperforming this year. Direct marketers use information from that division to evaluate business prospects.
In the past four years, the company has sold several other divisions, including publisher R.H. Donnelley Corp., market research firm AC Nielsen Corp., and Cognizant, which has since split into IMS Health Inc. and Nielsen Media Research Inc.