Dallas, Texas 11/06/2013 (Financialstrend) – In Tuesday’s trading, Moody’s Corporation (NYSE:MCO) dropped by 0.43%. The opening price of the shares was $72.21, which climbed to an intraday high of $72.70 and dipped to a close of $72.11. Approximately 0.747 million shares were traded on Tuesday while an average volume of 0.992 million shares were traded over a 30 day period. The 52-week low of Moody’s Corporation (NYSE:MCO) shares is $40.67 and its 52-week high is $73.90. Moody’s Corporation (NYSE:MCO) has a market capitalization of $15.90 billion.
About the company
Moody’s Corporation (NYSE:MCO) was incorporated on 2 June 2000. It is a provider of credit-ratings; credit & economic-related research, data & analytical tools; software solutions & related risk-management services. It also provides quantitative credit risk measures, credit-portfolio management solutions, training & financial-credentialing & certification services. In addition, it has outsourced research & analytical services to its institutional customers.
Moody’s Corporation (NYSE:MCO) operates in 2 segments: 1- Moody’s Investors Service and 2- Moody’s Analytics. The company’s MIS segment is made up of all credit the rating activity. All of the company’s non-rating commercial activities are part of the MA segment.
Moody’s Corporation (NYSE:MCO)’s MIS- the credit rating agency, publishes credit-ratings on a variety of debt obligations & the entities that issue these obligations in markets globally, including numerous corporate & governmental obligations, structured-finance securities & commercial paper programs. MIS provides the ratings in over110 countries.
The ratings are disseminated through press releases to the general public via arrange of print & electronic media, including the web & real-time information systems that are used by securities-traders and investors. As of 31 December 2012, MIS had different ratings relationships with almost 10,000 corporate issuers & around 22,000 public-finance issuers. In the year that ended 31 December 2012, Moody’s Corporation (NYSE:MCO) had rated &monitored ratings on almost 82,000 structured finance-obligations.
