On August 14, 2025, Fitch Learning, a global leader in financial learning and professional certifications, announced it signed an agreement with Moody's to acquire two of their businesses, Moody's Analytics Learning Solutions, a global provider of credit training, and the Canadian Securities Institute, a leading provider of professional certifications for the Canadian financial services industry. Cravath is representing Fitch Learning in connection with the transaction.

The Cravath team is led by partners Bethany A. Pfalzgraf and Aaron M. Gruber and includes associates Ori Oren and Esther Kang and foreign associate attorney Nita Rautakoski on M&A matters; partner Arvind Ravichandran and associates Megan Samayoa and Chloe Amarilla on tax matters; partner Matthew J. Bobby and associates Nicholas J. Celli and Matthew S. Johnson on executive compensation and benefits matters; partner David J. Kappos, senior attorney Carys J. Webb and associate Leslie Liu on intellectual property matters; partner Jesse M. Weiss on regulatory matters; senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; and practice area attorney Lauren Piechocki on real estate matters.