Moody's Corporation Reports Results for Third Quarter 2023

Rhea-AI Summary

Moody's Corporation announces Q3 2023 results and updates outlook for full year 2023. Impressive double-digit revenue growth reflects rebound in issuance and increasing demand for research and solutions. Moody's investing in transformative technologies for long-term sustainable growth.

Positive

• Moody's achieved impressive double-digit revenue growth during Q3 2023, reflecting the rebound in issuance and increasing demand for research, data, and solutions. The company's business demonstrated resiliency and relevance, leading to positive market sentiment. Moody's is investing in transformative technologies to advance capabilities and drive long-term sustainable growth.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Moody's Corporation (NYSE: MCO) today announced results for the third quarter 2023, as well as updated its outlook for full year 2023.

The Third Quarter 2023 Earnings Release and other earnings materials can be found on the Moody’s IR website at ir.moodys.com. In addition, the Earnings Release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

“Moody’s achieved impressive double-digit revenue growth during the third quarter, reflecting the rebound in issuance and demonstrating the resiliency and relevance of our business and the increasing demand for our unparalleled research, data and solutions,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “We are in a new era of exponential risk which requires an urgent evolution for our customers. To address this, Moody’s is investing in the momentum of the business and introducing transformative technologies to advance our capabilities, help our customers navigate decision-making at speed and scale and drive long-term sustainable growth.”

CONFERENCE CALL

Date and Time			October 25, 2023, at 11:30 a.m. Eastern Time (ET).
Webcast			The webcast and its replay can be accessed through Moody’s Investor Relations website, ir.moodys.com, within “Events & Presentations”.
Dial in			U.S. and Canada	+1-888-330-2508
			Other callers	+1-240-789-2735
			Passcode	9302427
Dial In Replay			A replay will be available immediately after the call on October 25, 2023 and until November 25, 2023.
			U.S. and Canada	+1-800-770-2030
			Other callers	+1-647-362-9199
			Passcode	9302427

ABOUT MOODY'S CORPORATION

Moody’s (NYSE: MCO) is a global risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With approximately 15,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231025389501/en/

SHIVANI KAK

Investor Relations

212.553.0298

shivani.kak@moodys.com

MICHAEL ADLER

Corporate Communications

212.553.4667

michael.adler@moodys.com

moodys.com

ir.moodys.com

moodys.com/sustainability

Source: Moody’s Corporation Investor Relations

FAQ

What were Moody's Q3 2023 results?

Moody's achieved impressive double-digit revenue growth during Q3 2023.

What factors contributed to Moody's revenue growth?

The rebound in issuance and increasing demand for research, data, and solutions contributed to Moody's revenue growth.

What is Moody's outlook for full year 2023?

Moody's updated its outlook for full year 2023, indicating positive market sentiment and potential for continued growth.

What is Moody's strategy for addressing exponential risk?

Moody's is investing in transformative technologies to advance capabilities and help customers navigate decision-making at speed and scale.

What is Moody's focus for long-term sustainable growth?

Moody's is focused on driving long-term sustainable growth through investments in transformative technologies and enhancing its capabilities.