Moody’s Corporation (NYSE: MCO)

Quick Facts / Company Snapshot

• Official Name: Moody’s Corporation
• Headquarters: 7 World Trade Center, 250 Greenwich Street, New York, NY 10007
• Total Revenue (2024): $7.1 billion
• Revenue Growth (2024 vs 2023): 20%
• Net Income Attributable to Moody’s (2024): $2,058 million
• Diluted Earnings Per Share (2024): $11.26
• Adjusted Diluted Earnings Per Share (2024): $12.47
• Total Assets (2024): $15,505 million
• Total Liabilities (2024): $11,778 million
• Operating Margin (2024): 40.6%
• Adjusted Operating Margin (2024): 48.1%
• Free Cash Flow (2024): $2,521 million
• Global Workforce: Approximately 16,000 employees
• Countries with Presence: More than 40
• Reportable Segments: Moody’s Analytics (MA) and Moody’s Investors Service (MIS)
• Debt Rated (2024): $6 trillion
• Consecutive Quarters of Growth (Analytics): 68
• Database Coverage: Data on 550 million companies (Orbis)
• CEO: Robert Fauber
• Ticker Symbol: MCO

Company Overview

Moody’s Corporation serves as a global integrated risk assessment firm that empowers organizations to anticipate, adapt, and thrive in an era characterized by exponential risk. The company provides data, analytical solutions, and insights that assist decision-makers in identifying opportunities and managing the risks associated with conducting business.

The organization operates with a mission to be the leading source of relevant insights on exponential risk.

With a history spanning 115 years, the company has established a unique position in the global marketplace, bringing rigor, clarity, transparency, and innovation to help leaders act with confidence. The company’s comprehensive perspective allows customers to navigate risks, seize opportunities, enhance resiliency, and drive value creation.

In 2024, the company achieved the highest annual revenue in its history, reaching $7.1 billion.

The company operates through a diverse workforce of approximately 16,000 employees across more than 40 countries. This global presence enables the firm to combine international experience with local expertise, providing customers with the holistic views needed to decode risk and unlock opportunity. The business is structured around two primary reportable segments: Moody’s Analytics (MA) and Moody’s Investors Service (MIS).

The company’s strategy focuses on investing with intent to grow and scale, particularly in integrated solutions and high-priority growth markets.

Moody’s leverages an unrivaled set of data, analytics, and domain expertise across credit, companies, properties, securities, people, economies, Environmental, Social, and Governance (ESG) factors, and climate. By integrating these capabilities, the firm supports customers in critical workflows such as issuance, origination, underwriting, risk measurement, compliance, and reporting.

Business Segments

Moody’s Corporation manages its operations through two distinct but complementary reportable segments. These segments are organized based on the nature of the products and services offered and the markets served.

1. Moody’s Investors Service (MIS)

• Total Revenue (2024): $3,986 million
• External Revenue (2024): $3,793 million
• Percentage of Total External Revenue: 53.5%
• Primary Function: Credit Ratings and Risk Analysis

Moody’s Investors Service is a leading global provider of credit ratings, research, and risk analysis. For more than a century, MIS has played a vital role in the global capital markets by publishing credit ratings and providing assessment services on a wide range of debt obligations, programs, facilities, and the entities that issue such obligations.

In 2024, MIS rated $6 trillion of debt, exceeding initial expectations by $1 trillion.

The segment empowers issuers to create timely, go-to-market debt strategies enabling them to capture wider investor focus. Simultaneously, it provides investors with a comprehensive view of global debt markets through trusted insights that help navigate market turmoil and volatility.

MIS serves more than 8,900 rated organizations and structured deals and covers over $75.8 trillion in total rated debt outstanding.

The operations of MIS are further categorized into five lines of business:

• Corporate Finance (CFG): Covers investment-grade, high-yield, and bank loan ratings.
• Structured Finance (SFG): Includes asset-backed securities, residential mortgage-backed securities (RMBS), and commercial mortgage-backed securities (CMBS).
• Financial Institutions (FIG): Covers banking, insurance, and managed investments.
• Public, Project and Infrastructure Finance (PPIF): Focuses on public finance, sovereign, project, and infrastructure finance.
• MIS Other: Includes financial instruments pricing services in the Asia-Pacific region, non-ratings revenue from ICRA, and Second Party Opinions.

2. Moody’s Analytics (MA)

• Total Revenue (2024): $3,308 million
• External Revenue (2024): $3,295 million
• Percentage of Total External Revenue: 46.5%
• Primary Function: Data, Intelligence, and Analytical Tools

Moody’s Analytics provides data, intelligence, and analytical tools to help business and financial leaders make confident decisions. MA empowers financial services, corporate, and public sector customers to anticipate risks and adapt to a new era of exponential risk.

The Analytics business has achieved a remarkable growth streak with 68 consecutive quarters of expansion as of the end of 2024.

MA’s offerings leverage combined data, analytics, and cloud-based software tools to deliver integrated solutions. These solutions act as embedded components in customer workflows, helping them start business relationships, monitor and manage risk, and comply with global regulations.

MA serves over 14,800 customers globally, including more than 2,600 commercial banks and 900 insurance companies.

The segment is organized into three primary lines of business:

• Decision Solutions (DS): Provides subscription-based solutions for banking, insurance, and Know Your Customer (KYC) workflows.
• Research and Insights (R&I): Offers models, scores, expert insights, and commentary, including premier fixed income and economic research.
• Data and Information (D&I): Powered by a vast database on companies and credit, offering data feeds and applications.

History and Evolution

Moody’s Corporation boasts a rich history extending back 115 years. Throughout its existence, the company has evolved from a traditional credit rating agency into a global integrated risk assessment firm.

In 2024, the company launched a refreshed brand for the modern era, emphasizing its ability to provide “bold, clear, and perceptive” insights.

The company’s evolution has been marked by strategic expansion and innovation. A significant milestone in its history includes the acquisition of KMV in 2002, a provider of market-based quantitative services. More recently, the company acquired RMS in September 2021, a global provider of climate and natural disaster risk modeling, which has since seen its customers on the Intelligent Risk Platform grow by 500%.

The year 2024 was pivotal, defined by the company as a “Year of Deep Currents” where it navigated systemic events like generative AI and seismic shifts in asset allocation.

The company has continuously adapted to market needs, expanding its footprint in domestic markets. This includes a generational investment in GCR, the leading domestic rating agency in Africa, acquired in July 2024. This complements other domestic franchises such as CCXI in China, KIS in Korea, ICRA in India, and Midroog in Israel.

Recent history also highlights a strong push into digitization and Artificial Intelligence. The company has forged partnerships with industry leaders like Microsoft, Google, and Zillow to enhance its capabilities. The launch of the “Research Assistant,” a generative AI product, marked a significant step in infusing advanced technology into its product suite.

Products and Services

The company offers a diverse array of products and services distributed across its two main segments. These offerings are designed to streamline customer workflows including issuing, originating, underwriting, and risk monitoring.

Corporate Finance (MIS)

• Revenue (2024): $1,950 million
• Percentage of Total Revenue: 27.5%
• Description: This service line provides credit ratings and research for corporations. It covers investment-grade debt, high-yield debt, and bank loans. The continued momentum in leveraged finance and investment-grade issuance has been a key driver, supported by tight credit spreads and refinancing activity.

Decision Solutions (MA)

• Revenue (2024): $1,516 million
• Percentage of Total Revenue: 21.4%
• Description: This line includes cloud-based subscription businesses serving banking, insurance, and KYC workflows.
  • Banking: Offers solutions for lending, risk management, and finance workflows.
  • Insurance: Provides catastrophe modeling tools and risk assessment capabilities.
  • KYC (Know Your Customer): Delivers solutions for compliance and supplier risk, leveraging massive datasets to verify entities.

Research and Insights (MA)

• Revenue (2024): $926 million
• Percentage of Total Revenue: 13.1%
• Description: This line comprises the premier fixed income and economic research business. It provides credit models, analytics, economics data, and structured finance solutions. Customers rely on these insights for credit research and economic forecasting.

Data and Information (MA)

• Revenue (2024): $853 million
• Percentage of Total Revenue: 12.0%
• Description: Powered by the world’s largest database on companies and credit, this line provides data feeds and applications. The flagship Orbis database now contains data on 550 million companies, significantly expanded from 220 million in 2017.

Financial Institutions (MIS)

• Revenue (2024): $727 million
• Percentage of Total Revenue: 10.3%
• Description: This area provides ratings and analysis for the banking and insurance sectors, as well as managed investments. Revenue growth in 2024 was driven by issuance growth in these sectors.

Public, Project and Infrastructure Finance (MIS)

• Revenue (2024): $564 million
• Percentage of Total Revenue: 8.0%
• Description: This service covers public finance, sovereign debt, project finance, and infrastructure. It serves over 140 sovereigns and supranational institutions.

Structured Finance (MIS)

• Revenue (2024): $518 million
• Percentage of Total Revenue: 7.3%
• Description: This line rates asset-backed securities (ABS), residential mortgage-backed securities (RMBS), and commercial mortgage-backed securities (CMBS). It rates over 14,400 structured finance deals.

MIS Other

• Revenue (2024): $34 million
• Percentage of Total Revenue: 0.5%
• Description: Includes financial instruments pricing services in Asia-Pacific, ICRA non-ratings revenue, and sustainable finance products like Second Party Opinions and Net Zero Assessments.

Brand Portfolio

The company operates under a unified master brand while maintaining distinct sub-brands and product identities that are recognized globally for their specific expertise.

Moody’s Ratings

• Segment: Moody’s Investors Service
• Role: The agency of choice for credit ratings.
• Recognition: Named the #1 Best Credit Rating Agency for the 13th year in a row in the Global Fixed Income Research rankings administered by Extel.
• Scope: Provides opinions on the creditworthiness of entities and securities.

Moody’s Analytics

• Segment: Moody’s Analytics
• Role: Provider of data, intelligence, and analytical tools.
• Recognition: Ranked #1 in the Chartis RiskTech100 for the third consecutive year.
• Scope: Delivers integrated risk assessment solutions.

Orbis

• Segment: MA (Data & Information)
• Role: Flagship company database.
• Scope: Contains data on 550 million companies, used for entity verification and regulatory navigation.

RMS

• Segment: MA (Decision Solutions – Insurance)
• Role: Climate and natural disaster risk modeling.
• Scope: Provides catastrophe modeling tools; celebrated its third anniversary of acquisition in 2024.

Moody’s Local

• Segment: MIS
• Role: Domestic ratings platform.
• Scope: Focused on providing credit rating services in Latin American capital markets.

Geographical Presence

Moody’s Corporation maintains a robust global footprint, operating in numerous countries to serve international markets effectively. The company categorizes its geographical revenue into United States and Non-U.S. regions, with further breakdowns for EMEA (Europe, Middle East, and Africa), Asia-Pacific, and the Americas (excluding U.S.).

As of December 31, 2024, approximately 49% of the company’s assets were located outside the United States.

United States

• Revenue (2024): $3,836 million
• Percentage of Total Revenue: 54.1%
• Profile: The U.S. remains the largest single market for the company. Operations are headquartered in New York, with significant activities across all lines of business.
• Growth: Revenue in the U.S. grew by 25% in 2024.

Non-U.S. (Total)

• Revenue (2024): $3,252 million
• Percentage of Total Revenue: 45.9%
• Growth: Non-U.S. revenue grew by 14% in 2024.

EMEA (Europe, Middle East, and Africa)

• Revenue (2024): $2,174 million
• Percentage of Total Revenue: 30.7%
• Profile: This is the largest international region. It includes major financial hubs like London.
• Growth: Revenue in EMEA increased by 15% in 2024.

Asia-Pacific

• Revenue (2024): $629 million
• Percentage of Total Revenue: 8.9%
• Profile: Represents countries including Australia, China, India, Japan, and Singapore.
• Growth: Revenue in the Asia-Pacific region grew by 10% in 2024.

Americas (Non-U.S.)

• Revenue (2024): $449 million
• Percentage of Total Revenue: 6.3%
• Profile: Includes Canada and countries in Latin America.
• Growth: Revenue in this region increased by 15% in 2024.

Financial Performance Analysis

In 2024, the company delivered record-breaking financial performance, driven by growth across both its Analytics and Investors Service businesses.

Annual revenue reached $7.1 billion, a 20% improvement over the previous year.

This performance was supported by a 33% increase in MIS external revenue and an 8% increase in MA external revenue. The company successfully navigated a complex economic environment characterized by shifting asset allocations and interest rate fluctuations.

Consolidated Performance Trend (2022–2024)

Metric	2024	2023	2022
Total Revenue	$7,088 million	$5,916 million	$5,468 million
Operating Income	$2,875 million	$2,137 million	$1,883 million
Net Income	$2,059 million	$1,608 million	$1,374 million
Diluted EPS	$11.26	$8.73	$7.44

Profit and Loss Analysis

The profit and loss statement for 2024 reflects significant operational efficiency and revenue expansion.

Revenue and Profitability

• Total Revenue: $7,088 million.
• Operating Expenses: $1,945 million (15% increase from 2023).
• SG&A Expenses: $1,735 million (6% increase from 2023).
• Operating Income: $2,875 million, representing a 35% increase year-over-year.
• Operating Margin: 40.6%, an expansion of 450 basis points from 36.1% in 2023.
• Adjusted Operating Margin: 48.1%, up 420 basis points.

The expansion in operating margin reflects strong revenue growth, particularly in MIS, outpacing the growth in operating and SG&A expenses.

Net Profit and Taxation

• Income Before Taxes: $2,699 million.
• Provision for Income Taxes: $640 million.
• Effective Tax Rate (ETR): 23.7%, compared to 16.9% in 2023. The higher rate in 2024 reflects the absence of tax benefits recognized in the prior year related to the resolution of uncertain tax positions.
• Net Income Attributable to Moody’s: $2,058 million.

Balance Sheet Analysis

The company maintains a strong balance sheet, ensuring liquidity and the capacity for strategic investments.

Assets

• Total Assets: $15,505 million.
• Current Assets: $5,290 million, including $2,408 million in cash and cash equivalents and $566 million in short-term investments.
• Goodwill: $5,994 million, representing a significant portion of long-term assets.
• Intangible Assets, Net: $1,890 million.

Liabilities

• Total Liabilities: $11,778 million.
• Current Liabilities: $3,597 million, primarily accounts payable and deferred revenue.
• Long-Term Debt: $6,731 million.
• Deferred Revenue (Current & Non-Current): $1,511 million, indicating strong future revenue recognition potential.

Equity

• Total Shareholders’ Equity: $3,727 million.
• Retained Earnings: $16,071 million.
• Treasury Stock: $(13,322) million, reflecting the company’s ongoing share repurchase program.

Cash Flow Analysis

The company generates robust cash flows, funding operations, acquisitions, and shareholder returns.

Operating Activities

• Net Cash Provided by Operating Activities: $2,838 million.
• Change: Increased by $687 million compared to 2023.
• Drivers: Driven by growth in operating income of $738 million, partially offset by higher income tax payments.

Investing Activities

• Net Cash Used in Investing Activities: $(1,056) million.
• Key Outflows:
  • Purchases of investments: $651 million.
  • Capital additions: $317 million.
  • Cash paid for acquisitions: $221 million.

Financing Activities

• Net Cash Used in Financing Activities: $(1,446) million.
• Key Transactions:
  • Treasury share repurchases: $(1,292) million.
  • Dividends paid: $(620) million.
  • Repayment of notes: $0 (compared to $500 million in 2023).
  • Issuance of notes: $496 million.

Free Cash Flow

• Free Cash Flow (Non-GAAP): $2,521 million, up from $1,880 million in 2023.

Board of Directors and Leadership Team

The company is governed by a Board of Directors and led by an Executive Leadership Team committed to strategic growth and governance.

Board of Directors

• Vincent A. Forlenza: Chairman of the Board. Retired Chief Executive Officer, Becton Dickinson and Company.
• Robert Fauber: President & Chief Executive Officer, Moody’s Corporation.
• Jorge A. Bermudez: Retired Chief Risk Officer, Citigroup, Inc.
• Thérèse Esperdy: Retired Global Chairman of Financial Institutions Group, JPMorgan Chase & Co.
• Kathryn M. Hill: Retired Senior Vice President, Cisco Systems, Inc.
• Lloyd W. Howell Jr.: Executive Director, NFL Players Association.
• Jose M. Minaya: Global Head, BNY Investments and Wealth.
• Leslie F. Seidman: Former Chairman, Financial Accounting Standards Board.
• Zig Serafin: Chief Executive Officer, Qualtrics International Inc.
• Bruce Van Saun: Chairman & Chief Executive Officer, Citizens Financial Group, Inc.

Executive Officers

• Robert Fauber: President and Chief Executive Officer.
• Noémie Heuland: Senior Vice President and Chief Financial Officer (Appointed April 2024).
• Stephen Tulenko: President, Moody’s Analytics.
• Michael West: President, Moody’s Investors Service.
• Tameka Alsop: Senior Vice President, Chief Administrative Officer.
• Richard Steele: Senior Vice President, General Counsel.
• Caroline Sullivan: Senior Vice President, Chief Accounting Officer and Corporate Controller.
• Maral Kazanjian: Senior Vice President, Chief People Officer.
• David Platt: Senior Vice President, Chief Strategic Development Officer.
• Christine Elliott: Chief Corporate Affairs Officer.

Subsidiaries, Associates, Joint Ventures

The company operates through various subsidiaries and affiliates, enhancing its global reach and domestic presence.

Key Subsidiaries and Affiliates

• Global Credit Rating Company Limited (GCR): A domestic credit rating agency with operations spanning Africa. The company acquired a controlling financial interest in GCR in July 2024.
• China Cheng Xin International Credit Rating Co. Ltd. (CCXI): The largest domestic credit rating agency in China. Moody’s owns a 30% interest.
• ICRA Limited: A provider of credit ratings and research in India.
• Korea Investors Service (KIS): A domestic debt franchise in Korea.
• Midroog: A domestic rating agency in Israel.
• BitSight: A provider of cyber risk ratings and analytics. The company holds a minority investment.
• Praedicat: A provider of casualty insurance analytics; acquired a controlling interest in September 2024.
• Numerated: A provider of commercial lending platforms; acquired in November 2024.
• Vadis Technologies: Acquired to enhance capabilities.
• AbleAI: Acquired to advance the GenAI product roadmap for banks.

Physical Properties

The company’s operations are conducted through a network of leased properties worldwide.

• Headquarters: 7 World Trade Center, 250 Greenwich Street, New York, NY.
• U.S. Offices: 29 locations.
• Non-U.S. Offices: 102 locations.
• Ownership Status: All properties are leased.
• Suitability: The properties are geographically distributed to meet operating and sales requirements and are considered suitable and adequate for current needs.

Segment-wise Performance

Moody’s Analytics (MA) Performance

• Total Revenue: $3,308 million (8% increase).
• Adjusted Operating Income: $1,014 million (8% increase).
• Adjusted Operating Margin: 30.7% (20 basis points increase).
• Key Drivers:
  • Decision Solutions: Revenue grew 10%, driven by strong demand for KYC and insurance offerings.
  • Research & Insights: Revenue grew 5%, attributable to sales growth for credit and economic research.
  • Data & Information: Revenue grew 8%, driven by strong demand for company ratings feeds and data applications.
  • Annualized Recurring Revenue (ARR): Increased 9% to $3,278 million.

Moody’s Investors Service (MIS) Performance

• Total Revenue: $3,986 million (31% increase).
• External Revenue: $3,793 million (33% increase).
• Adjusted Operating Income: $2,394 million (44% increase).
• Adjusted Operating Margin: 60.1% (560 basis points increase).
• Key Drivers:
  • Corporate Finance: Revenue grew 39%, reflecting strong refinancing activity and new mandates.
  • Structured Finance: Revenue grew 28%, driven by higher CLO and CMBS issuance.
  • Financial Institutions: Revenue grew 33%, supported by issuance growth in banking and insurance.
  • Public, Project and Infrastructure Finance: Revenue grew 18%, due to higher issuance from U.S. Public Finance issuers.

Founders

The company acknowledges a 115-year history of providing indispensable insight and rigor to global markets. While the specific names of the original founders are not explicitly detailed in the provided 2024 Annual Report text, the company’s legacy is built upon more than a century of helping customers uncover meaning amidst uncertainty. The brand refresh in 2024 crystallized elements of what the company has “always done best” over this century-long existence.

Shareholding Pattern

The company’s common stock trades on the New York Stock Exchange under the symbol “MCO”.

• Shares Outstanding: 180.0 million shares (as of January 31, 2025).
• Registered Shareholders: 1,362 shareholders of record (as of January 31, 2025).
• Beneficial Holders: A substantially greater number of shares are held by beneficial holders through banks, brokers, and other financial institutions.
• Treasury Stock: The company holds 162.6 million shares in treasury stock at cost.
• Employee Stock Fund: The Moody’s Stock Fund held approximately 304,076 shares as of December 31, 2024.

Investments and Capital Expenditure Plans

The company actively invests to scale its business and enhance its capabilities.

• Capital Additions (2024): $317 million.
• Focus Areas: Investments in technology and innovation, specifically the development of SaaS-based solutions in MA and company-wide technology infrastructure.
• Acquisitions (2024): Cash paid for acquisitions, net of cash acquired, was $221 million. Key acquisitions included Numerated, GCR, and Praedicat.
• R&D: The company makes significant investments in technology, including software for internal use, which is capitalized.
• Strategic Investments: The company holds investments in non-consolidated affiliates totaling $465 million.

Future Strategy

The company has outlined a clear strategy to evolve into a global integrated risk assessment firm.

• Mission: To be the leading source of relevant insights on exponential risk.
• Growth Strategy: Invest with intent to grow and scale.
  • Core Business: Strengthen the core business founded on credibility, transparency, data, and analytics.
  • Integrated Solutions: Invest in solutions that allow customers to manage multiple risks (e.g., supply chain, cyber, climate).
  • Growth Markets: Successfully scale in priority growth markets with differentiated products.
• Generative AI: Enablement of GenAI is a key strategic priority. The company launched “Research Assistant” and is infusing GenAI across products to unlock deeper perspectives on risk.
• Restructuring: The company initiated a “Strategic and Operational Efficiency Restructuring Program” in December 2024 to realign the business toward high-priority growth areas and simplify the organizational structure. This is expected to generate annualized savings of $250 million to $300 million.

Key Strengths

• Market Position: Leading provider of credit ratings with a 115-year history.
• Financial Performance: Record revenue of $7.1 billion and operating margin of 40.6% in 2024.
• Recurring Revenue: 95% of MA revenue is recurring, providing stability.
• Data Assets: Unrivaled database (Orbis) covering 550 million companies.
• Innovation: Successful launch of GenAI products like Research Assistant and continuous growth in SaaS banking solutions.
• Global Reach: Operations in over 40 countries with domestic franchises in key markets like China, India, and Africa.
• Recognition: Consistently ranked #1 in industry awards, including Chartis RiskTech100 and Extel rankings.

Key Challenges and Risks

• Regulatory Environment: Extensive regulation in the U.S., EU, and other jurisdictions. New regulations regarding ESG ratings and AI (e.g., EU AI Act) impose compliance costs and risks.
• Economic Conditions: Sensitivity to global market conditions, interest rates, and debt issuance volumes. A decline in debt issuance directly impacts MIS revenue.
• Cybersecurity: Risks related to cyber-attacks and the protection of confidential information. The company handles sensitive data and is a target for advanced threats.
• Competition: Intense competition from other credit rating agencies, investment banks, and alternative data providers.
• Technology: Dependence on third-party technology and the need to adapt to rapid technological changes like GenAI.
• Geopolitical Risk: Operations in multiple jurisdictions expose the company to geopolitical tensions, sanctions, and varying legal standards (e.g., U.S.-China relations).

Conclusion and Strategic Outlook

Moody’s Corporation closed 2024 with historic financial achievements, creating a strong foundation for future growth. By pivoting towards an integrated risk assessment model, the company effectively addresses the “exponential risk” environment faced by its customers. The strategic focus on digitization, particularly through Generative AI, alongside targeted acquisitions and a streamlined operational structure, positions the firm to capitalize on deep market currents. With a robust balance sheet, a dominant market position in ratings, and a rapidly growing analytics business, Moody’s is well-equipped to deliver sustained value to stakeholders in 2025 and beyond.

Official Site: https://moodys.com

Frequently Asked Questions (FAQ)

1. What are the main business segments of Moody’s Corporation? The company operates through two main segments: Moody’s Investors Service (MIS), which provides credit ratings and risk analysis, and Moody’s Analytics (MA), which offers data, intelligence, and analytical tools.

2. What was Moody’s total revenue in 2024? In 2024, the company reported a total revenue of $7.1 billion, representing a 20% increase over the previous year.

3. Does Moody’s pay dividends to its shareholders? Yes, the company pays dividends. In 2024, the total dividends paid per share were $3.40. On February 12, 2025, the Board approved a quarterly dividend of $0.94 per share.

4. What is the “Research Assistant” mentioned in the company’s strategy? Research Assistant is a foundational Generative AI product launched by the company. It helps users access data and insights more efficiently. Early studies showed users accessed 60% more data and reduced task times by 30%.

5. How many companies are covered in the Moody’s Orbis database? The Orbis database contains data on 550 million companies, having grown from 220 million in 2017.

6. What recent acquisitions has Moody’s made? In 2024, the company completed several strategic acquisitions, including GCR (Global Credit Rating Company Limited), Praedicat, and Numerated Growth Technologies.

7. What is Moody’s approach to climate risk? The company integrates climate risk into its offerings. It acquired RMS, a leader in climate risk modeling, and provides Net Zero Assessments and Second Party Opinions to analyze carbon transition plans and sustainability financing.

Source: Content on FirmsWorld.com is based on publicly available corporate filings, regulatory disclosures, annual reports, SEC 10-K filings, investor relations materials, and, where applicable, direct communications with the company.