S&P Global Ratings revised its outlook on Moody's Corp. to stable from negative and affirmed the BBB+/A-2 corporate credit rating on the company.
The rating agency cited Moody's better-than-expected operating performance in 2017 and its plans to cut debt as reasons for the outlook revision. It expects Moody's organic revenue to grow in the mid- to high-single-digit percent range during the next two years and adjusted EBITDA margins to remain in the low-50% area.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.
