Moody’s Corporation, a global integrated risk assessment firm, has consistently demonstrated the crucial role of its rating business in its financial performance. The company’s recent second-quarter 2024 earnings report underscores the significance of this segment, primarily driven by Moody’s Investors Service (MIS).
Revenue Contribution
In the second quarter of 2024, Moody’s reported a total revenue of $1.8 billion, with MIS contributing $1.0 billion, marking a substantial 36% increase from the previous year. Year-to-date, MIS has generated $2.0 billion, reflecting a 35% growth. This robust performance underscores the pivotal role of the rating business, which remains a cornerstone of Moody’s revenue stream.
Driving Factors
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Conclusion
In conclusion, the rating business remains a critical and highly profitable segment for Moody’s Corporation. The substantial revenue contributions, impressive growth rates, and significant operating leverage from MIS highlight the importance of this business in driving Moody’s overall financial success. As market conditions continue to favor high issuance activities, the rating business is poised to remain a key pillar of Moody’s strategic and financial framework.
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