We achieved revenue growth of 16% and adjusted diluted EPS growth of 21%, our second consecutive year of over 20% growth amidst the pandemic.Moodys Investors Service (MIS) revenue grew 16% on the strength of buoyant issuance markets and our comprehensive coverage of global debt markets.Moodys Analytics (MA) revenue grew 16%, supported by 9% organic revenue growth, as well as several acquisitions. (1), Maryland MJKK and MSFJ are credit rating agencies registered with the Japan Financial Services Agency and their registration numbers are FSA Commissioner (Ratings) No. As I observed last year, our customers seek solutions to help them identify, measure and manage a wider range of interconnected risks. Global speculative-grade corporate default rate was unchanged in November. He has also served on the Board of Directors of ICRA Limited, Moodys affiliate in India. (1), Connecticut (6), Czech Republic Kenney currently serves on the Board of Governors for the New York Institute of Internal Auditors and Hetrick Martin Institute. (2), Guinea-Bissau (1), Indiana (6), Papua New Guinea (2), Gambia Dial the AT&T Direct Dial Access code for, We brought you to this page based on your search query. He additionally brings experience in areas such as strategic planning, business development and new product development. (2), Suriname She joined Moodys in 2018 after nearly 30 years of diverse experience across all dimensions of technology, finance and large-scale project management/system implementation. Moodys Analytics helps financial institutions develop collaborative, auditable, repeatable, and transparent stress testing programs to meet regulatory demands. Data for separately estimating the probability of default, loss given default, and overall expected loss, More than 800,000 individual debt securities. For illustrative . He is a Trustee at the University of Pennsylvania and a member of their board of overseers of the School of Engineering and Applied Science. Inputs for Models: Utilize recovery pricing, rating changes at the issuer and security levels sourced from Moody's Investors Service and data for every stage of the credit cycle. +852-3758-1350, Sydney +61-2-9270-8141, Mexico City During her tenure, the FASB established numerous accounting standards relating to financial instruments, including securitizations, derivatives and credit losses and worked with regulators and policy makers in the U.S., and in other major capital markets to develop consistent accounting standards. (6), Ecuador (2), Albania The Moody's Analytics PD is an aggregation of all the sources of credit risk assessable for a given borrower. Chief of StaffTameka Alsop is Managing Director, Chief of Staff to the CEO at Moodys Corporation and a member of the Executive Leadership Team. Moodys SF Japan K.K. Allows users to calculate the probability that any specific credit will cross a predefined threshold by a particular date. (1), Arkansas Prior to this role, she managed the US Structured Finance Relationship Management team within the Commercial Group.She joined Moody's in 2008 as a European RMBS analyst in the Structured Finance team. Mark joined Moodys in 2018 after more than 15 years of diverse experience in business finance, financial planning and analysis, strategy and large-scale project management. The statistics over the 36 year study period should give confidence to investors in highly rated bonds. DRA also publishes impairment and loss studies for structured finance sectors. Prior to her time at JPMorgan, Ms Esperdy started her banking career at Lehman Brothers. Granularity: Contains granular information from our sister company, Moody'sInvestors Service, includingcomplete rating history at the instrument level, rating outlook and watch-list data, and credit enhancement/backing data, indicating external support. Five Moodys-rated corporate issuers defaulted in November, down from the upwardly revised 10 defaulters in October. CONTACT OUR EXPERTS solutions covering Global Economy, Sovereigns & Sub-Sovereigns Sectors & Portfolios Companies Macroeconomic scenarios Moody's Analytics The IFRS 9 guidelines pose some interesting challenges, including the following: An important consideration in the impairment model in IFRS 9 is the use of forward-looking information in the models. MOODYS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. (2), Default Trends Global December 2022 Default Report - Excel Data, Default Trends Global: December 2022 Default Report, Structured Finance: November 2022 structured rating transitions, Default Trends Global: Compendium of 2021 corporate defaults, Default Trends - Latin America & Caribbean: Latin American corporate default rate will rise gradually in 2023 as growth stalls, Default Trends Global November 2022 Default Report - Excel Data, Structured Finance - Global : October 2022 structured rating transitions (Jan 2009 - October 2022) - Excel supplement, Structured Finance - Global : October 2022 structured rating transitions (Jan 1993 - October 2022) - Excel supplement, Structured Finance: October 2022 structured rating transitions. TABLE OF CONTENTS INTRODUCTION 1 GOVERNANCE 2 STRATEGY 3 RISKS ASSOCIATED TO CLIMATE CHANGE 3 . (2), Thailand He also has a strong background in information systems and cyber-related matters. (1), Missouri SUMMARY REPORTS Reports FILTER BY Type Sector Region Date Range SYNOPSIS 1 2 3 4 5 6 7 8 9 10 Next Prior to her position as Chief of Staff, Ms. Alsop was Managing Director, Head of US Financial Institutions Relationship Management at Moodys Investors Service, where she built customer relationships with institutions to grow coverage and revenue, as well as expanded relationships with existing issuers and intermediaries. Despite the severity of the 2020 recession, the current default cycle will peak at a lower rate than those associated with the last three recessions. (6), South Korea Mr. Forlenza joined BD in 1980 and served in a number of different capacities, including strategic planning, business development, research and development, and general management in each of BDs segments and in overseas roles. Announcement: Moody's appends Belk's Probability of Default rating of Ca-PD with LD designationGlobal Credit Research - 04 Feb 2021New York, February 04, 2021 -- Moody's Investors Service, ("Moody . (7), Vietnam Ultimate Recovery Default Rate MethodologyMoodys 35 Industry Default, Migration, & LGD Second-Lien Debt Risk 2015 HY Ultimate Recovery US Distressed Exchanges, Dial the AT&T Direct Dial Access code for, We brought you to this page based on your search query. You have reached the daily limit of Research email sharings. Ms. Alsop has more than 20 years of experience helping drive positive change and business results at Moodys. His team deals with all legal issues, including contract negotiation, intellectual property, employee matters, litigation and compliance with local laws. Chief People OfficerMaral Kazanjian is the Chief People Officer of Moodys Corporation she is also a member of the Executive Leadership Team. (71), Rating Performance (2), Sweden (6), Netherlands Antilles Executive Vice President Chief Financial Officer and TreasurerBooz Allen HamiltonDirector since March 2021 Lloyd W. Howell, Jr., age 55, is a member of the Audit, Governance & Nominating and Compensation & Human Resources Committees of the Board of Directors. President, Moody's AnalyticsStephen Tulenko serves as President for Moodys Analytics. (2), Sao Tome and Principe "As central banks and governments responded rapidly with significant fiscal and monetary measures to mitigate the impact of the crisis, the pace of defaults also began to slow. Mr. Hogan served as the companys Assistant Corporate Controller from September 2016 to September 2019. Prior to that role, Ms. Sullivan supported the Global Wealth &Investment Management business from 2015 to 2017 in a variety of positions including Controller. (2), Zambia (41), Periodic Reports Use semicolon to separate each address, limit to 20 addresses. 4 Moody's Rating Methodology PDR Definition and Proposed Methodology Like Moody's long-term security ratings, corporate family ra tings (CFRs) are opinions about expected credit loss rates, i.e., the family's likelihood of default times its estimated average loss given default (LGD) over a blend of time horizons. #MobileRightColumnContainerE606C799DE50411EA1A0827D375551BB .subheading, #RightColumnContainerE606C799DE50411EA1A0827D375551BB .subheading {display: none;}. About. Moody's Default and Ratings Analytics team publishes Moody's default studies, ratings transitions and ratings performance studies for corporates, financial institutions, sovereign and sub-sovereign, public finance and infrastructure sectors. (2), Vanuatu (1), North Carolina Copyright 2023 Moody's Analytics, Inc. and/or its licensors and affiliates. As shown in Table 1 below for non-financial corporates domiciled in North America, the three major common drivers of a score that is worse than 'b-' are as follows: Table 1: Main Drivers of weak credit assessment for North American non-financial companies. Cisco designs, manufactures and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology industry and provides services associated with these products. His substantive expertise extends to enterprise collaboration services, artificial intelligence and user experience. Ms. Elliott has more than 25 years in senior-level corporate communications roles. Governments and others are increasingly using climate analytics to better inform climate mitigation and adaptation measures, and stakeholders are seeking ways to better understand the progress and impact of corporate de-carbonization commitments. 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