Moody’s to Suspend Commercial Operations in Russia – QNT Press Release

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Moody’s Corporation (NYSE:MCO) announced today that it will suspend commercial operations in Russia.

Moody’s will continue to support its employees in Russia. The suspension covers both Moody’s Investors Service (MIS) and Moody’s Analytics (MA) operations. Moody’s Investors Service will maintain analytical coverage for existing ratings from outside Russia.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE:MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 13,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.

“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. The forward-looking statements in this document are made as of the date hereof , and Moody’s disclaims any duty to supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise. 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. Those factors, risks and uncertainties include, but are not limited to the global impact of the crisis in Ukraine on volatility in the US and world financial markets, on general economic conditions and GDP in the US and worldwide, and its potenti al for further worldwide credit…

Full story available on Benzinga.com

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