What moat does Moody's have?

The advantage of the rating is that the market already uses it to buy the bond. The advantage of Analytics is that the customer's process is already built on that platform. Someone else can rate, and the software can be changed. The moat narrows if there are no issues, or if the customer takes the analysis off the platform.

How do you read the Moody's radar?

Health separates ratings, which are cyclical, from Analytics. Looking worse in a year without bonds can be the cycle, not the model. Quality is the margin of each leg, in the accounts, not in this text. Growth follows issuance and the software renewal. P/E valuation is not averaged with S&P Global: the index that matters is there, not here. Shareholder return is the dividend, crossed with the cash of a weak issuance year.

Which multiples matter for Moody's?

The P/E of a bond boom is not normal earnings. Analytics EV/EBITDA is not the multiple of a single rating. Do not use S&P Global's multiple as if the S&P 500 were inside Moody's. A dash means the MCO cache is cold.

What does this Moody's analysis leave out?

Not advice on MCO. Vaultflake does not calculate a margin or a rating share. This is not a measured legal barrier. Read the filings. A past dividend is not a right. The table is a snapshot, not a target price.

Moody's (MCO) analysis

Moody's Corporation

Sector:Financials · Ratings and Analytics

Country:United States

Profile and moat

Moody's rates debt and sells analytics. The rating is collected when there is an issue. If the bond market stops, that leg stops. Analytics is the software and the data the customer already has in the process, and it holds up better through a quarter without issues.

S&P Global does the same rating trade and, in addition, has the large index toll. Fitch rates too. It is not a duopoly with insurmountable legal barriers and not a 50% margin. A well-known investor's holding is not the analysis.

The dividend comes from both legs. This report does not state a return on capital.

Sustainable Competitive Advantage

Moody's (MCO) analysis

Moody's Corporation

Sector:Financials · Ratings and Analytics

Country:United States

Profile and moat

The dividend comes from both legs. This report does not state a return on capital.

Sustainable Competitive Advantage

Moody's (MCO) analysis

Profile and moat

Moody's (MCO) analysis

Profile and moat

Radar axes

Limits of this report

Questions from this report

What moat does Moody's have?

How do you read the Moody's radar?

Which multiples matter for Moody's?

What does this Moody's analysis leave out?

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