Standard & Poor’s, the U.S.-based world’s leading credit rating agency, said it has acquired a 5% stake in Tris Corp, a mother company of Thailand’s leading rating agency Tris Rating Co., Ltd. in a move to strengthening its local reach and boost its Asia networks.

Tris’s managing director Santi Keeranant said the collaboration will support both the agencies’ businesses through a joint research and development projects, as well as their human resource development programs.

The move will also benefit both investors and the markets in the region and the world which will gain insight market information through their services, he said.