Moody’s disclosed the second largest credit rating agency on the results of its work during the first quarter of this year, net income rose to $ 188.4 million in months ended March 31 compared to 173.5 million dollars during the same period last year.
And earnings excluding some items of 97 cents a share, better than expectations of 87 cents profits, revenue rose by 13% to $ 731.8 million compared to $ 646.8 million during the same period last year, Moody’s has net income of 690 million dollars last year and the largest since 2007, the company said the revenue increase came amid corporate debt ratings by 29% to $ 258.3 million.
The New York-based Moody’s said profit increases came for three consecutive years and benefit from the standard low interest rates to sell debt.
Shares rose 59 percent last year, rose 3.63 percent to 62.750 dollars Tuesday, the highest level since June 2007.
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