Moody’s Corporation Updates Full Year 2020 Guidance

Moody’s Corporation (NYSE:MCO) reaffirmed its full year 2020 adjusted diluted EPS guidance range of US$9.10 to US$9.30, though the firm now expects to be toward the lower end of that range.

As quoted in the press release:

“We are revising Moody’s Investors Service’s full year 2020 revenue guidance from mid-single-digit to low-single-digit percent growth reflecting ongoing uncertainty related to the coronavirus,” said Raymond McDaniel, President and Chief Executive Officer of Moody’s. “We will continue to monitor and proactively manage our response to the situation as we work to meet stakeholder expectations.”

A full summary of Moody’s guidance as of March 11, 2020 is included in the table at the end of this press release. Moody’s outlook for 2020 is based on assumptions made as of today’s date about many factors that could affect its business, including observations to date and assumptions regarding the potential impact of the coronavirus on volatility in the U.S. and world financial markets, on general economic conditions and GDP growth in the U.S. and worldwide, and on the company’s own operations and personnel.

Click here to read the full press release.