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Tag Archives: Raymond McDaniel

Moody’s to Acquire Equilibrium – Enters Peru

Moody’s Corporation announced that it has agreed to acquire Equilibrium, a leading provider of credit rating and research services in Peru and other countries in Latin America. Based in Peru, Equilibrium has operated since 1996. Following the acquisition, Equilibrium will continue to issue domestic ratings in Peru and Panama with an independent analytical and rating committee process. Renzo Barbieri will ... Read More »

Moody’s Corporation Second Quarter 2014 Revenues Up 16%

Moody’s reported revenue of $873.5 million for the three months ended June 30, 2014, up 16% from $756.0 million for the second quarter of 2013. Operating expenses for the second quarter of 2014 totaled $461.8 million, a 14% increase from the prior-year period.  Operating income for the quarter was $411.7 million, a 17% increase from $350.8 million for the same ... Read More »

Moody’s Secures Majority Equity Ownership Stake in ICRA

Moody’s Corporation (NYSE:MCO) announced that it has secured a majority equity ownership stake in ICRA Ltd., a leading provider of credit ratings and research in India, increasing its stake from 28.5% to over 50.0%. “The successful conclusion of our offer for a majority stake in ICRA will allow us to extend our strong ties as we work together to serve ... Read More »

Moody’s Q4 Revenues Up 3% – Full Year Up 9%

What a difference two quarters make.  Following a great first half the revenue growth in rating services has slowed significantly in the second half.  For 2014 Moody’s expects revenue growth to be in the mid-single digit range. Moody’s reported revenue of $779.2 million for the three months ended December 31, 2013, up 3% from $754.2 million for the fourth quarter ... Read More »

Moody’s Q3 Revenues Disappoint with 2% Growth

Moody’s reported revenue of $705.5 million for the three months ended September 30, 2013, up 2% from $688.5 million for the third quarter of 2012.  Operating expenses for the third quarter of 2013 totaled $414.0 million, 1% lower than the prior-year period.  Operating income for the quarter was $291.5 million, an 8% increase from $269.7 million for the same period last year.  Adjusted operating income, defined as operating income ... Read More »