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Moody's Corporation (NYSE: MCO) is a key player in the global capital markets, offering a suite of services encompassing credit ratings, research, tools, and analyses. As the parent company of Moody's Investors Service and Moody's Analytics, the firm provides essential insights and technological adjuncts to market participants worldwide. Moody's Investors Service specializes in credit ratings and research related to debt instruments and securities, while Moody's Analytics offers advanced software solutions, advisory services, and research focused on credit, economic analysis, and financial risk management.
With approximately 14,000 employees across more than 40 countries, Moody's boasts a significant international presence, merging global reach with local expertise. The company generated a revenue of $3.3 billion in 2014, demonstrating its robust financial health and industry impact. Moody's Investors Service contributes significantly to the firm's revenue and profits, covering sectors such as corporates, structured finance, financial institutions, and public finance.
In a recent strategic move, Moody's Corporation entered into a partnership with Google Cloud, aiming to leverage generative AI technologies. This collaboration intends to enhance financial analysis by co-creating large language models (LLMs) tailored for financial professionals. This integration will enable customers to perform in-depth analyses of financial reports and disclosures more swiftly and accurately. Additionally, Moody's plans to make its proprietary datasets accessible via Google Cloud's BigQuery, facilitating more efficient data querying and analysis.
The firm maintains a progressive approach towards integrating advanced technologies to streamline data management and enhance decision-making processes. Moody's commitment to transparency, informed decision-making, and fair access to information underpins its operations, aligning with its mission to foster integrated and transparent financial markets.
For more information, visit www.moodys.com.
Moody's (NYSE:MCO) has announced its participation in the fixed income workstream of Project Guardian, an initiative launched by the Monetary Authority of Singapore in 2022. The project aims to enhance liquidity and efficiency in financial markets through asset tokenization while managing risks to financial stability and integrity.
Moody's plans to provide risk analysis for tokenized fixed income products, which may include securities, fund units, stablecoins, and tokenized deposits. This independent risk assessment is intended to enhance market transparency, reduce systemic risks, and facilitate the growth of the tokenization industry.
The company's involvement reflects its commitment to innovation, transparency, and risk analysis in financial markets, as well as its excitement about the potential of tokenization to transform the financial landscape.
Moody's (NYSE: MCO) will announce its second quarter 2024 financial results before the NYSE opens on July 23, 2024. The earnings release and supplementary slides will be accessible on Moody's Investor Relations website. A teleconference hosted by Rob Fauber, President and CEO, and Noémie Heuland, CFO, will take place on the same day at 1:00 p.m. ET to discuss the results, followed by a Q&A session. The webcast and its replay can be accessed via Moody’s Investor Relations website, and a dial-in replay will be available until August 22, 2024.
Moody’s (NYSE:MCO) has fully acquired Global Credit Rating Company (GCR), a prominent domestic credit rating agency active in Africa. This follows Moody’s 2022 acquisition of a majority stake in GCR. The deal enhances Moody’s presence in Africa’s domestic credit markets, important for the continent's economic development. Rob Fauber, CEO of Moody’s, expressed excitement about expanding their ratings presence through GCR. Marc Joffe, CEO of GCR, noted the acquisition as a milestone, emphasizing the potential to develop more customer solutions. GCR operates in South Africa, Nigeria, Senegal, Kenya, and Mauritius, and will continue as an affiliate of Moody’s with its own methodologies and management. The transaction terms were undisclosed and it won't materially impact Moody’s 2024 financial results.
Moody's (NYSE:MCO) and MSCI Inc. (NYSE:MSCI) have announced a strategic partnership to enhance transparency and provide data-driven risk solutions focusing on ESG and sustainability. The partnership will see Moody's utilizing MSCI's industry-leading ESG ratings and sustainability data, while MSCI gains access to Moody's Orbis database, the world's largest source of firmographic information. This collaboration aims to leverage the strengths of both companies, offering enhanced ESG content and risk assessment solutions to their customers across banking, insurance, and corporate sectors. Financial details of the agreement were not disclosed.
Moody's (NYSE: MCO) published an updated management presentation for investors on May 16, 2024. The presentation includes performance data for Q1 2024, ending March 31, and provides full-year 2024 guidance as of May 2. This update, made in compliance with Regulation FD, is available on Moody's investor relations website. Senior management intends to use this presentation in discussions with analysts and investors.
Diligent has launched a new Enterprise Risk Management (ERM) dashboard powered by Moody’s proprietary market data. This tool aims to provide a comprehensive view of external risks for Chief Risk Officers, CFOs, general counsel, and other risk professionals. It aggregates critical risk data, helps identify potential risks, and facilitates clearer reporting to the board and executives.
The dashboard complements Diligent’s existing internal Board Reporting for ERM, enabling a full-spectrum analysis of both internal and external risks. It leverages Moody’s data, including credit risk assessments and country risk indices, to enhance decision-making and risk mitigation efforts. This collaboration aims to improve transparency and proactive risk management in the current dynamic business environment.
Moody's (NYSE: MCO) reported strong financial performance in the first quarter of 2024, showcasing operating leverage as issuance markets rebound. The company is investing in innovation to capture new opportunities in the era of exponential risk.
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