Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York, U.S., November 12, 2021/File Photo Acquire Licensing RightsOct 25 (Reuters) - Ratings agency Moody's (MCO.N) reported higher-than-expected profit in the third quarter on Wednesday, helped by strong demand for its research and analytics.
The New York-based company saw robust demand for its data and insights, including CreditView, its flagship credit research product.
Lesser economic uncertainty compared to last year also helped a rebound in debt issuance, further boosting Moody's business.
The company reported adjusted profit of $2.43 per share for the three months ended Sept. 30, compared with analysts' average estimate of $2.30 per share, according to LSEG data.
Moody's kept its full-year adjusted profit forecast unchanged at $9.75 to $10.25 per share.
Persons:
Rob Fauber, Moody's, Niket, Shilpi Majumdar
Organizations:
Moody's Corporation, Thomson
Locations:
Manhattan , New York, U.S, New York, Bengaluru