Moody's Corp (MCO) Key Developments |
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Moody's Corp (MCO)

MCO on New York Consolidated

27 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Moody's Corp reaffirms FY 2015 EPS guidance
Friday, 1 May 2015 07:00am EDT 

Moody's Corp:Says that it is reaffirming FY 2015 guidance of GAAP EPS in the range of $4.55 to $4.65.  Full Article

Moody's Corp declares quarterly dividend
Friday, 17 Apr 2015 07:00am EDT 

Moody's Corp:Declared regular quarterly dividend of 34 cents per share of MCO Common Stock.Dividend will be payable on June 10, to stockholders of record at the close of business on May 20.  Full Article

Moody's Corp to acquire Equilibrium
Thursday, 12 Mar 2015 02:00pm EDT 

Moody's Corp:Agrees to acquire Equilibrium, a provider of credit rating and research services in Peru and other countries in Latin America.Acquisition is expected to close in the second quarter of 2015, subject to regulatory approval.Says it is not expected to have an impact on Moody's earnings per share in 2015 and will be funded from a combination of US and international cash on hand.Equilibrium's operations in El Salvador will not be acquired; the other terms of the transaction were not disclosed.  Full Article

Moody's Corp prices senior unsecured notes offering
Friday, 27 Feb 2015 04:38pm EST 

Moody's Corp:Announced that it priced an underwritten public offering of 500 million euros aggregate principal amount of 1.75pct senior unsecured notes due 2027.Says offering is expected to close on March 9.Expects to use net proceeds from this offering for general corporate purposes, including working capital; capital expenditures; acquisitions of or investments in businesses or assets; the redemption and repayment of other indebtedness.Says it also expect to use net proceeds purchases of its common stock under its ongoing stock repurchase program.J.P. Morgan Securities plc, Merrill Lynch International and The Royal Bank of Scotland plc are the joint book-running managers of the notes offering.  Full Article

Moody's Corp gives FY 2015 guidance in line with analysts' estimates
Friday, 6 Feb 2015 07:00am EST 

Moody's Corp:Expects FY 2015 revenue to grow in mid-single-digit percent range.On a constant dollar basis revenue growth rate would each be about 300 basis points higher.Expects FY 2015 diluted earnings per share (EPS) of $4.55 to $4.65.Reported revenue of $3.3 billion in FY 2014.FY 2015 revenue of $3.5 billion and EPS of $4.57 - Thomson Reuters I/B/E/S.  Full Article

Justice Department probing Moody's Corp for mortgage deal grades - Reuters
Sunday, 1 Feb 2015 05:56pm EST 

Moody's Corp:According to the Wall Street Journal, U.S. Department of Justice is investigating Moody's Corp Investors Services for issuing favorable grades on mortgage deals in the lead-up to the financial crisis - Reuters.Former Moody's executives and Justice Department officials have been meeting to discuss ratings of complex securities prior to the 2008 financial crisis.The investigation is in a early stage and it is still unclear whether it will lead to a lawsuit.  Full Article

Moody's Corp declares quarterly dividend and increases share repurchase authorization by $1 bln
Wednesday, 17 Dec 2014 07:00am EST 

Moody's Corp:Declares regular quarterly dividend of 34 cents per share of MCO Common Stock, 21 pct increase from the prior quarterly dividend of 28 cents per share.Payable on March 10, 2015.Says to stockholders of record at the close of business on Feb. 20, 2015.In addition, the Board authorized a new $1 bln share repurchase program.Moody's expects to commence repurchases under the new program following completion of existing program, which had $1 bln of share repurchase authority remaining as of Sept. 30.Company plans to repurchase shares subject to available cash, market conditions and other ongoing capital allocation decisions.As result, company's share repurchase activity may vary from quarter to quarter.  Full Article

Moody's Corp completes acquisition of remaining stake in Copal Amba
Monday, 8 Dec 2014 08:00am EST 

Moody's Corp:Completes its acquisition of the remaining shares of Copal Amba and now owns 100 pct of the company.Funded the acquisition from international cash on hand.Terms of the transaction were not disclosed.  Full Article

Moody's acquires Lewtan Technologies
Monday, 27 Oct 2014 10:48am EDT 

Moody's Corp:Acquires Lewtan Technologies, a provider of analytical tools and data for the global structured finance market.Lewtan will become part of Moody's Analytics' Structured Analytics and Valuations (SAV) business, which provides data and analytics library for securitized assets.SAV operates within Moody's Research, Data and Analytics (RD&A) line of business.  Full Article

Moody's Corp reaffirms FY 2014 EPS guidance
Friday, 24 Oct 2014 07:02am EDT 

Moody's Corp:Reaffirms FY 2014 EPS guidance in range of $3.95 to $4.05.FY 2014 EPS of $4.03 - Thomson Reuters I/B/E/S.  Full Article