Moody’s Corp. reported a first-quarter FY22 revenue decline of 5 percent year-on-year to $1.52 billion, beating the consensus of $1.51 billion.
Revenue for MIS was $827 million, down 20 percent Y/Y as geopolitical concerns, rising yields, and elevated market uncertainty affected issuance in all asset classes. Foreign currency translation unfavorably impacted MIS revenue by 1 percent.
