trending Market Intelligence /marketintelligence/en/news-insights/trending/WuVcZ_MhdY5aCgka3A1G6g2 content esgSubNav
In This List

Moody's upgrades Lazard Group's corporate family rating

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.

Blog

Banking Essentials Newsletter: 17th April Edition


Moody's upgrades Lazard Group's corporate family rating

Moody's on May 3 upgraded the senior unsecured debt ratingon Lazard Group LLCto Baa3 from Ba1, completing a review initiated Feb. 12.

The outlook is stable.

The rating agency also withdrew the Ba1 corporate familyrating as it typically applies to speculative grade companies.

Moody's said the upgrade takes into account the continueddiscipline in the company's compensation practices, which, along with strong revenues,have improved its credit metrics.

LazardLtd indirectly held 100% of all outstanding Lazard Group commonmembership interests as of March 31.