Items Tagged with 'Moody’s Corp.'

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  • Moody’s reaches $864 million settlement over RMBS credit ratings

    Settlement dates back to financial crisis
    Moody’s Corp. agreed to pay nearly $864 million to settle claims for its role providing credit ratings for Residential Mortgage-Backed Securities and Collateralized Debt Obligations that contributed to the financial crisis. "Moody’s failed to adhere to its own credit rating standards and fell short on its pledge of transparency in the run-up to the Great Recession," said Principal Deputy Associate Attorney General Bill Baer. 
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  • Moody's expects 2010 revenue to increase approximately 13%

    Moody's Corp. [stock MCO][/stock], parent to the credit rating agency Moody's Investors Service, updated guidance for 2010 earnings and revenue in a Securities and Exchange Commission filing on Thursday. The company now expects full-year 2010 revenue to increase approximately 13% versus 2009, with full-year 2010 diluted earnings per share to be in the range of $2.08 to $2.14 versus previous guidance of $1.90 to $1.96.
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