MSCI Inc. (NYSE:MSCI) and Moody’s Corporation (NYSE:MCO) today
announced a groundbreaking strategic partnership agreement,
leveraging each other’s strengths to bring greater transparency on
ESG and sustainability to markets and power better decisions.
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the full release here:
https://www.businesswire.com/news/home/20240701003299/en/
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Moody’s will leverage MSCI’s sustainability data and models,
which are used by the world’s largest asset managers and asset
owners. The agreement, entered into last week, includes MSCI’s
industry-leading ESG ratings and content, which measure a company’s
management of financially relevant ESG risks and opportunities.
With access to MSCI data, Moody’s intends over time to migrate its
existing ESG data and scores to offering MSCI’s sustainability
content through a range of solutions serving Moody’s customers in
the banking, insurance and corporate sectors.
MSCI will gain access to Moody’s Orbis database, the world’s
leading source of firmographic information with data on more than
500 million entities, to extend its private company ESG coverage.
In addition, MSCI and Moody’s will explore solutions that leverage
Moody’s private company data and credit scoring models to provide
greater insight into the private credit market.
“Moody’s is excited to partner with MSCI, a leader in solutions
for the global investment community and a pioneer in ESG and
sustainability,” said Rob Fauber, President and CEO of Moody’s.
“This is a real win-win, as Moody’s customers gain access to MSCI’s
renowned ESG content and MSCI customers will gain access to Moody’s
world-class risk assessment expertise, data and insights.”
“We are exceptionally pleased to partner with Moody’s to offer
MSCI’s ESG and sustainability data to Moody’s broad base of global
customers,” said Henry A. Fernandez, Chairman and CEO of MSCI.
“Sustainability remains one of the most important trends reshaping
the global investment landscape, and the shift to private assets is
another. This agreement will help MSCI expand our private company
ESG coverage and deliver enhanced solutions across client segments
and asset classes.”
The partnership does not impact Moody’s Ratings, the credit
rating agency, which will continue to provide transparency into the
material impacts of ESG factors on its credit ratings through its
proprietary Credit Impact Scores and Issuer Profile Scores. Moody’s
Ratings will also continue to offer its sustainable finance
offerings, including Second Party Opinions and Net Zero
Assessments. In addition, Moody’s remains committed to providing
its market-leading climate solutions to customers.
The financial terms of the deal were not disclosed.
About Moody’s Corporation
In a world shaped by increasingly interconnected risks, Moody’s
(NYSE: MCO) data, insights, and innovative technologies help
customers develop a holistic view of their world and unlock
opportunities. With a rich history of experience in global markets
and a diverse workforce of approximately 15,000 across more than 40
countries, Moody’s gives customers the comprehensive perspective
needed to act with confidence and thrive. Learn more at
moodys.com.
About MSCI
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 50
years of expertise in research, data, and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process. To learn more, please
visit www.msci.com.
“Safe Harbor” statement under the Private Securities
Litigation Reform Act of 1995
Certain statements contained in this document are
forward-looking statements and are based on future expectations,
plans and prospects for Moody’s business and operations that
involve a number of risks and uncertainties. Such statements
involve estimates, projections, goals, forecasts, assumptions and
uncertainties that could cause actual results or outcomes to differ
materially from those contemplated, expressed, projected,
anticipated or implied in the forward-looking statements.
Stockholders and investors are cautioned not to place undue
reliance on these forward-looking statements. The forward-looking
statements and other information in this document are made as of
the date hereof, and Moody’s undertakes no obligation (nor does it
intend) to publicly supplement, update or revise such statements on
a going-forward basis, whether as a result of subsequent
developments, changed expectations or otherwise, except as required
by applicable law or regulation. In connection with the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995, Moody’s is identifying certain factors that could cause
actual results to differ, perhaps materially, from those indicated
by these forward-looking statements. These factors, risks and
uncertainties include, but are not limited to: the impact of
general economic conditions (including significant government debt
and deficit levels, and inflation and related monetary policy
actions by governments in response to inflation) on worldwide
credit markets and on economic activity, including on the volume of
mergers and acquisitions, and their effects on the volume of debt
and other securities issued in domestic and/or global capital
markets; the uncertain effectiveness and possible collateral
consequences of U.S. and foreign government initiatives and
monetary policy to respond to the current economic climate,
including instability of financial institutions, credit quality
concerns, and other potential impacts of volatility in financial
and credit markets; the global impacts of the Russia - Ukraine
military conflict and the military conflict in Israel and the
surrounding areas on volatility in world financial markets, on
general economic conditions and GDP in the U.S. and worldwide, on
global relations and on the Company's own operations and personnel;
other matters that could affect the volume of debt and other
securities issued in domestic and/or global capital markets,
including regulation, increased utilization of technologies that
have the potential to intensify competition and accelerate
disruption and disintermediation in the financial services
industry, as well as the number of issuances of securities without
ratings or securities which are rated or evaluated by
non-traditional parties; the level of merger and acquisition
activity in the U.S. and abroad; the uncertain effectiveness and
possible collateral consequences of U.S. and foreign government
actions affecting credit markets, international trade and economic
policy, including those related to tariffs, tax agreements and
trade barriers; the impact of MIS’s withdrawal of its credit
ratings on countries or entities within countries and of Moody’s no
longer conducting commercial operations in countries where
political instability warrants such actions; concerns in the
marketplace affecting our credibility or otherwise affecting market
perceptions of the integrity or utility of independent credit
agency ratings; the introduction or development of competing and/or
emerging technologies and products; pricing pressure from
competitors and/or customers; the level of success of new product
development and global expansion; the impact of regulation as an
NRSRO, the potential for new U.S., state and local legislation and
regulations; the potential for increased competition and regulation
in the jurisdictions in which we operate, including the EU;
exposure to litigation related to our rating opinions, as well as
any other litigation, government and regulatory proceedings,
investigations and inquiries to which Moody’s may be subject from
time to time; provisions in U.S. legislation modifying the pleading
standards and EU regulations modifying the liability standards
applicable to credit rating agencies in a manner adverse to credit
rating agencies; provisions of EU regulations imposing additional
procedural and substantive requirements on the pricing of services
and the expansion of supervisory remit to include non-EU ratings
used for regulatory purposes; uncertainty regarding the future
relationship between the U.S. and China; the possible loss of key
employees and the impact of the global labor environment; failures
or malfunctions of our operations and infrastructure; any
vulnerabilities to cyber threats or other cybersecurity concerns;
the timing and effectiveness of our restructuring programs, such as
the 2022 - 2023 Geolocation Restructuring Program; currency and
foreign exchange volatility; the outcome of any review by tax
authorities of Moody’s global tax planning initiatives; exposure to
potential criminal sanctions or civil remedies if Moody’s fails to
comply with foreign and U.S. laws and regulations that are
applicable in the jurisdictions in which Moody’s operates,
including data protection and privacy laws, sanctions laws,
anti-corruption laws, and local laws prohibiting corrupt payments
to government officials; the impact of mergers, acquisitions, such
as our acquisition of RMS, or other business combinations and the
ability of Moody’s to successfully integrate acquired businesses;
the level of future cash flows; the levels of capital investments;
and a decline in the demand for credit risk management tools by
financial institutions. These factors, risks and uncertainties as
well as other risks and uncertainties that could cause Moody’s
actual results to differ materially from those contemplated,
expressed, projected, anticipated or implied in the forward-looking
statements are described in greater detail under “Risk Factors” in
Part I, Item 1A of Moody’s annual report on Form 10-K for the year
ended December 31, 2023, and in other filings made by the Company
from time to time with the SEC or in materials incorporated herein
or therein. Stockholders and investors are cautioned that the
occurrence of any of these factors, risks and uncertainties may
cause the Company’s actual results to differ materially from those
contemplated, expressed, projected, anticipated or implied in the
forward-looking statements, which could have a material and adverse
effect on the Company’s business, results of operations and
financial condition. New factors may emerge from time to time, and
it is not possible for the Company to predict new factors, nor can
the Company assess the potential effect of any new factors on it.
Forward-looking and other statements in this document may also
address our corporate responsibility progress, plans, and goals
(including sustainability and environmental matters), and the
inclusion of such statements is not an indication that these
contents are necessarily material to investors or required to be
disclosed in the Company’s filings with the Securities and Exchange
Commission. In addition, historical, current, and forward-looking
sustainability-related statements may be based on standards for
measuring progress that are still developing, internal controls and
processes that continue to evolve, and assumptions that are subject
to change in the future.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements relate to future events or
to future financial performance and involve known and unknown
risks, uncertainties and other factors that may cause MSCI's actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
statements. In some cases, you can identify forward-looking
statements by the use of words such as “may,” “could,” “expect,”
“intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,”
“predict,” “potential” or “continue,” or the negative of these
terms or other comparable terminology. You should not place undue
reliance on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond MSCI’s control and that could materially affect
actual results, levels of activity, performance or
achievements.
Other factors that could materially affect MSCI's actual
results, levels of activity, performance or achievements can be
found in MSCI’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2023 filed with the Securities and Exchange
Commission (“SEC”) on February 9, 2024 and in quarterly reports on
Form 10-Q and current reports on Form 8-K filed or furnished with
the SEC. If any of these risks or uncertainties materialize, or if
MSCI’s underlying assumptions prove to be incorrect, actual results
may vary significantly from what MSCI projected. Any
forward-looking statement in this press release reflects MSCI’s
current views with respect to future events and is subject to these
and other risks, uncertainties and assumptions relating to MSCI’s
operations, results of operations, growth strategy and liquidity.
MSCI assumes no obligation to publicly update or revise these
forward-looking statements for any reason, whether as a result of
new information, future events, or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701003299/en/
For Moody’s Investor Relations: Shivani Kak Moody’s Corporation
+1 212-553-0298 Shivani.Kak@moodys.com
For Moody’s Communications: Michael Adler Moody’s Corporation +1
347-225-7472 Michael.Adler@moodys.com
For MSCI Investor Relations: Jeremy Ulan MSCI +1 646 778 4184
jeremy.ulan@msci.com
Jisoo Suh MSCI +1 212 804 1598 jisoo.suh@msci.com
For MSCI Communications: pr@msci.com
Julie Mansmann MSCI +1 917 815 6375
Calum MacDougall MSCI +44 (0) 7876 836 759
Source: Moody’s Corporation Investor Relations
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