Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, issuers, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.
Even if issuance volume turns south, strong pricing power and GDP growth should cause a rebound in ratings revenue over time. In addition, maturing debt should support issuance levels.
Higher interest rates, corporate deleveraging, and higher spreads could cause a decline in bond issuance that will weigh on ratings revenue. Notably, spreads in 2024 and 2025 for high-yield were lower than normal, indicating relatively loose credit conditions.
|
Metric
|
MCO
|
SPGI
|
MSCI
|
|---|---|---|---|
Price/Earnings (Normalized) | 28.99 | 22.73 | 33.56 |
Price/Book Value | 26.13 | 3.98 | — |
Price/Sales | 10.19 | 8.06 | 13.97 |
Price/Cash Flow | 25.03 | 20.40 | 27.60 |
|
Metric
|
MCO
|
SPGI
|
MSCI
|
|---|---|---|---|
Quick Ratio | 0.98 | 0.57 | 0.78 |
Current Ratio | 1.16 | 0.68 | 0.86 |
Interest Coverage | 12.46 | 22.70 | 7.61 |
|
Metric
|
MCO
|
SPGI
|
MSCI
|
|---|---|---|---|
Return on Assets (Normalized) | 18.04% | 9.23% | 24.63% |
Return on Equity (Normalized) | 74.03% | 17.19% | — |
Return on Invested Capital (Normalized) | 26.24% | 11.68% | 41.24% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| S&P Global Inc
SPGI
| Sgdmmbbql | Jqq | $124B | |||
| CME Group Inc Class A
CME
| Msxmxdswst | Zlpgm | $97B | |||
| Intercontinental Exchange Inc
ICE
| Dcwfcljv | Tnxh | $79B | |||
| Hong Kong Exchanges and Clearing Ltd
HKXCF
| — | Hzbq | $61B | |||
| Hong Kong Exchanges and Clearing Ltd ADR
HKXCY
| — | Bvbhk | $61B | |||
| London Stock Exchange Group PLC ADR
LSEGY
| — | Vhcw | $59B | |||
| London Stock Exchange Group PLC
LDNXF
| — | Fhhp | $59B | |||
| Deutsche Boerse AG
DBOEF
| Qcwtzbcw | Ghhl | $53B | |||
| Deutsche Boerse AG ADR
DBOEY
| Vwtvlssdl | Pst | $53B |
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United States