Market Summary
USD324.27-11.58
Market Closed-3.45%
MCO Alerts
MCO Stock Price
MCO RSI Chart
MCO Valuation
MCO Price/Sales (Trailing)
MCO Profitability
MCO Fundamentals
MCO Revenue
MCO Earnings
Price Action
52 Week Range
228.98363.19
(Low)(High)
Last 7 days
-7.0%
Last 30 days
-0.8%
Last 90 days
-3.9%
Trailing 12 Months
22.2%
MCO Financial Health
MCO Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MCO
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Fauber Robert | sold | -875,799 | 343 | -2,546 | president and ceo |
2023-09-15 | Fauber Robert | acquired | 137,935 | 89.2209 | 1,546 | president and ceo |
2023-09-08 | Hill Kathryn | acquired | 978 | 341 | 2.868 | - |
2023-09-08 | Seidman Leslie | acquired | 5,480 | 342 | 16.00 | - |
2023-09-08 | FORLENZA VINCENT A | acquired | 3,221 | 341 | 9.44 | - |
2023-09-08 | HOWELL LLOYD JR | acquired | 946 | 341 | 2.775 | - |
2023-09-08 | Bermudez Jorge A. | acquired | 6,974 | 342 | 20.369 | - |
2023-09-08 | Esperdy Therese | acquired | 2,309 | 341 | 6.769 | - |
2023-09-08 | VAN SAUN BRUCE | acquired | 5,588 | 341 | 16.352 | - |
2023-08-31 | Fauber Robert | acquired | 137,935 | 89.2209 | 1,546 | president and ceo |
Which funds bought or sold MCO recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-14 | IMS Capital Management | added | 0.7 | 188,940 | 1,498,820 | 0.83% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -34.71 | -36,637 | 104,509 | 0.02% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 45,204 | 45,204 | -% |
2023-09-05 | SILVIA MCCOLL WEALTH MANAGEMENT, LLC | unchanged | - | 30,941 | 258,008 | 0.24% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 41.00 | 348 | -% |
2023-08-30 | Western Wealth Management, LLC | new | - | 291,106 | 291,106 | 0.03% |
2023-08-28 | Banco BTG Pactual S.A. | sold off | -100 | -239,488 | - | -% |
2023-08-24 | INVICTUS PRIVATE WEALTH, LLC | reduced | -12.27 | -1,072 | 335,550 | 0.04% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 4,832,240 | 40,294,100 | 0.39% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 400,251 | 400,251 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
MCO Alerts
Schedule 13G FIlings of Moody
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | tci fund management ltd | 5.03% | 9,212,287 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 7.57% | 13,869,993 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.1% | 12,949,795 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 6.4% | 11,818,749 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 7.29% | 13,689,464 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 6.3% | 11,775,000 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 6.65% | 12,556,009 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 5.8% | 10,917,720 | SC 13G/A |
Recent SEC filings of Moody
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 13, 2023 | 3 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading |
Peers (Alternatives to Moody)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
GS | 109.2B | 50.2B | 3.59% | 4.39% | 12.35 | 2.18 | 62.27% | -45.33% |
SCHW | 101.9B | 20.8B | -0.80% | -22.51% | 14.81 | 4.91 | 9.06% | 9.27% |
MCO | 59.5B | 5.5B | -0.84% | 22.21% | 41.7 | 10.76 | -7.36% | -17.32% |
MSCI | 40.8B | 2.4B | -2.37% | 17.57% | 44.47 | 17.35 | 7.87% | 14.25% |
FDS | 16.3B | 2.0B | -0.76% | -0.86% | 32.13 | 7.96 | 16.65% | 28.95% |
| MID-CAP | ||||||||
IBKR | 9.2B | 4.8B | -2.51% | 33.04% | 3.82 | 1.93 | 226.24% | 90.31% |
SEIC | 8.0B | 1.9B | -0.58% | 14.87% | 19.94 | 4.23 | -8.00% | -31.66% |
SF | 6.9B | 4.8B | 2.57% | 10.56% | 11.12 | 1.42 | 2.69% | -21.37% |
AMG | 4.8B | 2.1B | 2.32% | 10.47% | 4.16 | 2.23 | -13.32% | 104.61% |
JHG | 4.4B | 2.0B | 1.72% | 19.03% | 11.85 | 2.17 | -20.30% | -29.01% |
AMK | 1.9B | 678.6M | -6.27% | 33.16% | 18.33 | 2.86 | 16.44% | 46.62% |
| SMALL-CAP | ||||||||
DFIN | 1.5B | 797.1M | 11.25% | 40.42% | 18.29 | 1.92 | -16.77% | -40.37% |
RILY | 1.2B | 1.5B | -10.57% | -10.66% | 22.61 | 0.8 | 29.98% | 251.91% |
BCOR | 1.1B | 467.0M | 7.56% | 73.30% | 2.75 | 1.98 | 2.72% | 1458.70% |
GRNQ | 8.3M | 3.5M | -7.56% | -24.14% | 3.58 | 2.36 | 19.54% | 125.13% |
Moody News
Returns for MCO
Cumulative Returns on MCO
17.7%
10-Year Cumulative Returns
17.8%
7-Year Cumulative Returns
14.1%
5-Year Cumulative Returns
5.8%
3-Year Cumulative Returns
Risks for MCO
What is the probability of a big loss on MCO?
68.1%
Probability that Moody stock will be more than 20% underwater in next one year
35%
Probability that Moody stock will be more than 30% underwater in next one year.
3.9%
Probability that Moody stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MCO drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Moody was unfortunately bought at previous high price.
Drawdowns
Financials for Moody
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.1% | 5,529 | 5,416 | 5,468 | 5,717 | 5,968 | 6,140 | 6,218 | 5,969 | 5,799 | 5,681 | 5,371 | 5,314 | 5,198 | 4,977 | 4,829 | 4,656 | 4,497 | 4,458 | 4,443 | 4,549 | 4,530 |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,786 | 2,708 | 2,619 | 2,575 | 2,591 | 2,591 |
| S&GA Expenses | 3.0% | 1,589 | 1,542 | 1,527 | 1,589 | 1,599 | 1,558 | 1,480 | 1,365 | 1,241 | 1,221 | 1,229 | 1,198 | 1,219 | 1,187 | 1,167 | 1,126 | 1,094 | 1,090 | 1,080 | 1,105 | 1,091 |
| EBITDA | -100.0% | - | 2,214 | 2,289 | 2,458 | 2,675 | 2,970 | 3,197 | 3,061 | 3,028 | 2,948 | 2,608 | 2,654 | 2,565 | 2,328 | 2,208 | 2,077 | 1,972 | 2,128 | 2,090 | 2,177 | 1,957 |
| EBITDA Margin | -100.0% | - | 0.41* | 0.42* | 0.43* | 0.45* | 0.48* | 0.51* | 0.51* | 0.52* | 0.52* | 0.49* | 0.50* | 0.49* | 0.47* | 0.46* | 0.45* | 0.44* | 0.48* | 0.47* | 0.48* | 0.43* |
| Interest Expenses | 16.2% | 251 | 216 | 198 | 190 | 166 | 167 | 162 | 152 | 146 | 156 | 132 | 159 | 144 | 196 | - | - | - | - | - | - | - |
| Earnings Before Taxes | 3.0% | 1,706 | 1,657 | 1,760 | 1,949 | 2,187 | 2,502 | 2,755 | 2,639 | 2,619 | 2,527 | 2,229 | 2,282 | 2,196 | 1,962 | 1,810 | 1,680 | 1,579 | 1,643 | 1,672 | 1,757 | 1,810 |
| EBT Margin | -100.0% | - | 0.31* | 0.32* | 0.34* | 0.37* | 0.41* | 0.44* | 0.44* | 0.45* | 0.44* | 0.42* | 0.43* | 0.42* | 0.39* | 0.37* | 0.36* | 0.35* | 0.37* | 0.38* | 0.39* | 0.40* |
| Net Income | 3.6% | 1,427 | 1,377 | 1,374 | 1,555 | 1,726 | 1,976 | 2,214 | 2,101 | 2,094 | 2,026 | 1,778 | 1,823 | 1,736 | 1,537 | 1,422 | 1,314 | 1,244 | 1,310 | 1,310 | 1,085 | 1,092 |
| Net Income Margin | -100.0% | - | 0.25* | 0.25* | 0.27* | 0.29* | 0.32* | 0.36* | 0.35* | 0.36* | 0.36* | 0.33* | 0.34* | 0.33* | 0.31* | 0.29* | 0.28* | 0.28* | 0.29* | 0.29* | 0.24* | 0.24* |
| Free Cashflow | -100.0% | - | 1,315 | 1,191 | 1,130 | 1,268 | 1,615 | 1,866 | 2,267 | 2,354 | 2,381 | 2,043 | 1,876 | 1,805 | 1,583 | 1,606 | 1,483 | 1,347 | 1,341 | 1,370 | 1,398 | 1,480 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.2% | 14,691 | 14,719 | 14,349 | 13,939 | 14,315 | 14,739 | 14,680 | 14,414 | 12,552 | 12,500 | 12,409 | 11,672 | 11,298 | 11,306 | 10,265 | 9,478 | 9,592 | 9,518 | 9,526 | 8,439 | 8,752 |
| Current Assets | -0.8% | 4,390 | 4,426 | 4,094 | 3,726 | 3,820 | 4,062 | 4,011 | 4,255 | 4,734 | 4,695 | 4,509 | 4,281 | 3,963 | 3,994 | 3,679 | 3,042 | 3,155 | 2,898 | 3,387 | 2,516 | 2,840 |
| Cash Equivalents | 7.5% | 2,278 | 2,119 | 1,769 | 1,656 | 1,617 | 1,750 | 1,811 | 2,239 | 2,809 | 2,769 | 2,597 | 2,492 | 2,099 | 2,141 | 1,832 | 1,178 | 1,196 | 1,197 | 1,685 | 1,035 | 1,315 |
| Net PPE | 3.0% | 541 | 525 | 502 | 472 | 433 | 381 | 347 | 301 | 282 | 269 | 278 | 282 | 298 | 285 | 292 | 292 | 300 | 319 | 320 | 311 | 312 |
| Goodwill | 0.6% | 5,926 | 5,892 | 5,839 | 5,617 | 5,841 | 6,039 | 5,999 | 5,898 | 4,590 | 79.00 | 4,556 | 4,282 | 4,162 | 4,122 | 3,722 | 3,610 | 3,665 | 3,763 | 3,781 | 183 | 3,663 |
| Liabilities | -2.4% | 11,379 | 11,661 | 11,660 | 11,509 | 11,836 | 12,157 | 11,764 | 11,795 | 10,172 | 10,275 | 10,646 | 9,979 | 10,061 | 10,501 | 9,428 | 8,775 | 9,017 | 9,193 | 8,870 | 7,833 | 8,292 |
| Current Liabilities | -10.7% | 2,667 | 2,988 | 2,375 | 2,066 | 2,755 | 2,988 | 2,496 | 2,793 | 2,050 | 2,154 | 2,222 | 1,721 | 1,886 | 2,351 | 1,912 | 2,138 | 1,840 | 2,006 | 2,099 | 1,824 | 1,844 |
| LT Debt, Current | -39.9% | 300 | 499 | - | - | 499 | 501 | - | 507 | - | - | - | - | - | - | - | 502 | - | - | 450 | 446 | 300 |
| LT Debt, Non Current | -0.6% | 6,923 | 6,963 | 7,389 | 7,476 | 7,158 | 7,285 | 7,413 | 6,969 | 6,355 | 6,340 | 6,422 | 6,363 | 6,333 | 6,303 | 5,581 | 4,737 | 5,258 | 5,229 | 5,226 | 4,484 | 4,934 |
| Shareholder's Equity | 2.8% | 3,144 | 3,058 | 2,519 | 2,255 | 2,479 | 2,582 | 2,916 | 2,619 | 2,380 | 2,225 | 1,763 | 1,688 | 1,232 | 799 | 831 | 697 | 575 | 325 | 656 | 606 | 460 |
| Retained Earnings | 1.7% | 14,213 | 13,979 | 13,618 | 13,501 | 13,328 | 13,132 | 12,762 | 12,451 | 12,094 | 11,632 | 11,011 | 10,804 | 10,442 | 10,041 | 9,656 | 9,392 | 9,108 | 8,894 | 8,594 | 8,429 | 8,205 |
| Additional Paid-In Capital | 5.2% | 1,124 | 1,068 | 1,054 | 1,013 | 965 | 826 | 885 | 832 | 784 | 739 | 735 | 699 | 651 | 616 | 642 | 608 | 575 | 436 | 601 | 570 | 539 |
| Accumulated Depreciation | 3.6% | 1,195 | 1,153 | 1,123 | 1,078 | 1,058 | 1,035 | 1,010 | 988 | 969 | 946 | 928 | 907 | 880 | 853 | 839 | 817 | 797 | 835 | 790 | 768 | 748 |
| Shares Outstanding | 0.1% | 184 | 183 | - | 183 | 184 | 185 | - | 186 | 187 | 187 | - | 188 | 188 | 188 | - | 189 | 189 | 190 | - | 192 | 192 |
| Minority Interest | 0.6% | 168 | 167 | 170 | 175 | 185 | 188 | 189 | 189 | 194 | 195 | 194 | 191 | 191 | 217 | 219 | 225 | 222 | 202 | 197 | 206 | 217 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 19.4% | 1,925 | 1,612 | 1,474 | 1,396 | 1,496 | 1,799 | 2,005 | 2,364 | 2,439 | 2,477 | 2,146 | 1,967 | 1,897 | 1,653 | 1,675 | 1,572 | 1,439 | 1,437 | 1,461 | 1,490 | 1,573 |
| Share Based Compensation | 7.1% | 182 | 170 | 169 | 178 | 173 | 176 | 175 | 171 | 168 | 162 | 154 | 143 | 138 | 137 | 136 | 133 | 131 | 131 | 130 | 134 | 135 |
| Cashflow From Investing | -17.7% | -193 | -164 | -262 | -630 | -2,540 | -2,586 | -2,619 | -2,385 | -505 | -499 | -1,077 | -667 | -734 | -729 | 36.00 | -442 | -413 | -394 | -406 | -126 | -3,505 |
| Cashflow From Financing | -4.5% | -1,120 | -1,072 | -1,208 | -1,214 | -42.00 | -184 | -122 | -219 | -1,266 | -1,406 | -351 | -43.00 | -254 | 51.00 | -1,563 | -948 | -1,130 | -1,078 | -412 | -1,269 | -38.10 |
| Dividend Payments | 2.5% | 539 | 526 | 515 | 503 | 490 | 477 | 463 | 452 | 442 | 431 | 420 | 409 | 399 | 389 | 378 | 368 | 357 | 347 | 337 | 325 | 313 |
| Buy Backs | -52.6% | 220 | 464 | 983 | 1,105 | 1,118 | 1,178 | 750 | 878 | 753 | 382 | 503 | 516 | 629 | 796 | 991 | 784 | 737 | 608 | 203 | 184 | 147 |
MCO Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 1,494 | $ 1,381 | $ 2,964 | $ 2,903 |
| Expenses | ||||
| Operating | 426 | 393 | 854 | 810 |
| Selling, general, and administrative | 415 | 368 | 801 | 739 |
| Depreciation and amortization | 93 | 81 | 181 | 159 |
| Restructuring | 10 | 31 | 24 | 31 |
| Total expenses | 944 | 873 | 1,860 | 1,739 |
| Operating income | 550 | 508 | 1,104 | 1,164 |
| Non-operating (expense) income, net | ||||
| Interest expense, net | (71) | (55) | (119) | (108) |
| Other non-operating income (expense), net | 13 | (10) | 13 | (4) |
| Total non-operating (expense) income, net | (58) | (65) | (106) | (112) |
| Income before provision for income taxes | 492 | 443 | 998 | 1,052 |
| Provision for income taxes | 115 | 116 | 120 | 227 |
| Net income (loss) attributable to parent | $ 377 | $ 327 | $ 878 | $ 825 |
| Earnings per share attributable to Moody's common shareholders | ||||
| Basic (in usd per share) | $ 2.05 | $ 1.78 | $ 4.79 | $ 4.47 |
| Diluted (in usd per share) | $ 2.05 | $ 1.77 | $ 4.77 | $ 4.45 |
| Weighted average number of shares outstanding | ||||
| Basic (in shares) | 183.5 | 184.1 | 183.4 | 184.6 |
| Diluted (in shares) | 184.1 | 184.9 | 184.1 | 185.4 |
MCO Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 2,278 | $ 1,769 |
| Short-term investments | 57 | 90 |
| Accounts receivable, net of allowance for credit losses of $33 in 2023 and $40 in 2022 | 1,542 | 1,652 |
| Other current assets | 513 | 583 |
| Total current assets | 4,390 | 4,094 |
| Property and equipment, net of accumulated depreciation of $1,195 in 2023 and $1,123 in 2022 | 541 | 502 |
| Operating lease right-of-use assets | 330 | 346 |
| Goodwill | 5,926 | 5,839 |
| Intangible assets, net | 2,138 | 2,210 |
| Deferred tax assets, net | 265 | 266 |
| Other assets | 1,101 | 1,092 |
| Total assets | 14,691 | 14,349 |
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 877 | 1,011 |
| Current portion of operating lease liabilities | 105 | 106 |
| Current portion of long-term debt | 300 | 0 |
| Deferred revenue | 1,385 | 1,258 |
| Total current liabilities | 2,667 | 2,375 |
| Non-current portion of deferred revenue | 67 | 75 |
| Long-term debt | 6,923 | 7,389 |
| Deferred tax liabilities, net | 485 | 457 |
| Uncertain tax positions | 204 | 322 |
| Operating lease liabilities | 344 | 368 |
| Other liabilities | 689 | 674 |
| Total liabilities | 11,379 | 11,660 |
| Contingencies | ||
| Shareholders' equity: | ||
| Preferred stock, par value $0.01 per share; 10,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Capital surplus | 1,124 | 1,054 |
| Retained earnings | 14,213 | 13,618 |
| Treasury stock, at cost; 159,444,702 and 159,702,362 shares of common stock at June 30, 2023 and December 31, 2022, respectively | (11,626) | (11,513) |
| Accumulated other comprehensive loss | (570) | (643) |
| Total Moody's shareholders' equity | 3,144 | 2,519 |
| Noncontrolling interests | 168 | 170 |
| Total shareholders' equity | 3,312 | 2,689 |
| Total liabilities, noncontrolling interests, and shareholders' equity | 14,691 | 14,349 |
| Series Common Stock | ||
| Shareholders' equity: | ||
| Common stock | 0 | 0 |
| Non Series Common Stock | ||
| Shareholders' equity: | ||
| Common stock | $ 3 | $ 3 |
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities. This segment provides ratings in approximately 140 countries. Its ratings are disseminated through press releases to the public through electronic media, including the internet and real-time information systems used by securities traders and investors. This segment has rated approximately 5,000 non-financial corporates; 3,600 financial institutions; 16,000 public finance issuers; 145 sovereigns; 47 supranational institutions; 459 sub-sovereigns; and 1,000 infrastructure and project finance issuers, as well as 9,100 structured finance deals. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets; and offers subscription based research, data, and analytical products comprising credit ratings, credit research, quantitative credit scores and other analytical tools, economic research and forecasts, business intelligence and company information products, commercial real estate data and analytical tools, and on-line and classroom-based training services, as well as credentialing and certification services. It also offers offshore analytical and research services with learning solutions and certification programs; and software solutions, as well as related risk management services. The company was formerly known as Dun and Bradstreet Company and changed its name to Moody's Corporation in September 2000. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.