Welcome to our dedicated page for Moody's Corporation news (Ticker: MCO), a resource for investors and traders seeking the latest updates and insights on Moody's Corporation stock.
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 Analytics has launched a new Commercial Strategies Group (CSG) in Shenzhen, China, aiming to enhance its growth and customer service in the region. The CSG will utilize Moody's nearly 30 years of experience in China to develop market strategies, improve access to data, and innovate enterprise risk software. This establishment underscores Moody's commitment to leveraging Shenzhen's innovation as a financial center, enhancing customer engagement with its analytical tools and solutions.
Moody’s Corporation (NYSE:MCO) announces the retirement of Raymond McDaniel, Jr. as President and CEO effective December 31, 2020, after nearly 34 years with the company. He will transition to non-executive Chairman starting January 1, 2021. Robert Fauber, currently COO, has been elected as the new President and CEO, effective January 1, 2021. The Board expressed confidence in Fauber’s leadership, citing his extensive experience and achievements at Moody’s, which have positioned the firm for continued growth.
Moody's Analytics is hosting Ag Day 2020 on October 28, featuring discussions on agricultural financing in a challenging economic landscape. Keynote speaker Dr. David Kohl will address strategic business management for agricultural producers and lenders. The event aims to equip attendees with new tactics and tools to navigate the ongoing downturn in the industry. Notable speakers include Bill Cobb from the USDA and Delaney Howell from the Ag News Daily podcast, focusing on sustainable future planning and showcasing new Ag-focused technologies from Moody's Analytics.
Moody’s Corporation (NYSE:MCO) has acquired Acquire Media (AM) from Naviga, Inc., enhancing its Know Your Customer (KYC) solutions. AM’s technology aggregates information from over 18,000 global sources, offering real-time news and alerts, crucial for counterparty screening. This acquisition complements previous purchases of Bureau van Dijk and Regulatory DataCorp, facilitating integration of AM's offerings into Moody's Analytics. The deal, funded with cash on hand, is not expected to materially impact Moody’s 2020 financial results.
Moody’s Analytics has enhanced its risk models with new scorecards, specifically targeting the creditworthiness of non-banking financial institutions and project finance transactions. This expansion comes as alternative lenders face heightened liquidity risks due to the COVID-19 downturn. The RiskCalc Scorecard Suite aims to aid credit professionals in measuring default risks for niche asset classes. It provides clients with a comprehensive approach to assessing credit risk, including forward-looking probabilities of default and expected loss measures.
Moody’s Analytics has partnered with MUA, a leading insurer in Mauritius and East Africa, to implement its RiskIntegrity™ for IFRS 17 solution and Scenario Generator. This collaboration aims to help MUA comply with the IFRS 17 accounting standard effectively and efficiently. The SaaS solution facilitates the integration of actuarial and accounting functions, enhancing MUA's ability to handle new regulatory challenges in the insurance sector. Moody’s Analytics has received accolades for its IFRS 17 solutions, indicating its industry reliability.
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