Moodys Corp
(NYSE:MCO)
$
474.94
-1.82 (-0.38%)
Market Cap: 86.07 Bil
Enterprise Value: 91.38 Bil
PE Ratio: 43.37
PB Ratio: 22.04
GF Score: 91/100 Moody's Corp Acquisition of Risk Management Solutions Inc (Pre-recorded M&A Call) Transcript
Aug 05, 2021 / NTS GMT
Release Date Price:
$386.84
(+1.07%)
Unidentified Participant
Rob, what did Moody's announce today?
Robert Scott Fauber;s Corporation;President
Moody;CEO & Director
'- -
Today, we announced the acquisition of RMS for approximately $2 billion, and it's a very exciting transaction for us. Not only does RMS play a critically important role in the global insurance industry, but it also brings some cutting-edge capabilities to us around a range of risks. And as we build out our global risk operating system, these capabilities will help our customers better identify, measure and manage a wider range of interconnected risks than ever before.
Unidentified Participant
$2 billion is a significant outlay of cash for Moody's. Why is RMS worth the price?
Robert Scott Fauber;s Corporation;President
Moody;CEO & Director
'- -
Yes. First of all, RMS plays a critically important role serving the global insurance industry, something like $2.5 trillion of
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