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{{Short description|Analytics and financial services company}}
{{Use mdy dates|date=January 2019}}
{{Use American English|date=January 2019}}
{{Infobox company
{{Infobox company
| name = Moody's Analytics
| name = Moody's
| logo = Moody's_Logo.png
| logo = [[File:Moodys Analytics logo.gif]]
| former_name = Moody's Analytics (2007–2024)
| caption =
| type = [[Subsidiary]]
| type = [[Subsidiary]]
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| foundation = {{Start date|2007}}
| fate =
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| location_city = [[7 World Trade Center]]<br>[[New York City]], [[New York (state)|New York]]
| predecessor =
| successor =
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| foundation = {{Start date|2007}}
| founder =
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
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| location_city = [[7 World Trade Center]]<br>[[New York City]], [[New York (state)|New York]]
| location_country = [[United States]]
| location_country = [[United States]]
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| industry = [[Financial services]]
| location =
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| products =
| locations =
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| services = [[Credit analysis]], [[Financial risk management]]
| area_served =
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| revenue = $3.6 billion
| key_people =
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| operating_income =
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| industry = [[Financial services]]
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| net_income =
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| products =
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| aum = <!-- Only used with financial services companies -->
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| services = [[Credit analysis]], [[Financial risk management]]
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| assets =
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| revenue =
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| equity =
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| operating_income =
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| owner =
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| net_income =
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| num_employees = 10,600
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| aum = <!-- Only used with financial services companies -->
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| parent = [[Moody's Corporation]]
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| assets =
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| divisions =
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| equity =
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| subsid =
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| owner =
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| homepage = {{URL|http://moodysanalytics.com}}
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| num_employees = 1,400
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| footnotes = <ref name="Moody's Analytics About">{{cite web |url=http://www.moodysanalytics.com/About-Us.aspx |title=About Moody's Analytics |year=2011 |work=moodysanalytics.com |publisher=Moody's Analytics, Inc. |accessdate=30 August 2011}}</ref>
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| parent = [[Moody's Corporation]]
| intl =
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| divisions =
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| subsid =
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| homepage = {{URL|http://moodysanalytics.com}}
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| footnotes = <ref name="Moody's Analytics About">{{cite web |url=http://www.moodysanalytics.com/About-Us.aspx |title=About Moody's Analytics |year=2011 |work=moodysanalytics.com |publisher=Moody's Analytics, Inc. |accessdate=30 August 2011}}</ref>
| intl =
}}
}}
'''Moody's Analytics''' is a subsidiary of [[Moody's Corporation]] established in 2007 to focus on non-rating activities, separate from [[Moody's Investors Service]]. It provides economic research regarding risk, performance and financial modeling, as well as consulting, training and software services. Moody's Analytics is composed of divisions such as Moody's KMV, Moody's Economy.com, Moody's Wall Street Analytics, the Institute of Risk Standards and Qualifications, and [[Canadian Securities Institute|Canadian Securities Institute Global Education Inc.]]
'''Moody's''', previously known as '''Moody's Analytics''', is a subsidiary of [[Moody's Corporation]] established in 2007 to focus on non-rating activities, separate from [[Moody's Investors Service]]. It provides economic research regarding risk, performance and [[financial modeling]], as well as consulting, training and software services. Moody's is composed of divisions such as Moody's KMV, Moody's Economy.com, Moody's Wall Street Analytics, the Institute of Risk Standards and Qualifications, and [[Canadian Securities Institute|Canadian Securities Institute Global Education Inc.]]


==History==
==History==
In 1995, Moody's Corporation started a business unit providing [[Quantitative analyst|quantitative analysis]] services, including credit risk assessment software and services, called Moody's Risk Management Service (MRMS).<ref name="Sinclair 05">{{cite book |title=The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness |last=Sinclair |first=Timothy J. |authorlink=Timothy J. Sinclair |year=2005 |publisher=Cornell University Press |location=Ithaca, New York |isbn=978-0-8014-7491-0 |page= |pages= |url=http://www.cornellpress.cornell.edu/book/?GCOI=80140100511490 |accessdate=30 August 2011}}</ref><ref name="Airfinance 00">{{cite news |title=Moody's blues |author=Louise Bowman |url=http://www.airfinancejournal.com/Article/2051700/Search/Results/Moodys-blues.html |magazine=Airfinance Journal |date=November 2000 |accessdate=30 August 2011}}</ref>
In 1995, Moody's Corporation started a business unit providing [[Quantitative analyst|quantitative analysis]] services, including [[credit risk]] assessment software and services after acquiring Financial Proformas, Inc.,<ref>Personal Experience in both companies</ref> called Moody's Risk Management Service (MRMS).<ref name="Sinclair 05">{{cite book |title=The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness |last=Sinclair |first=Timothy J. |author-link=Timothy J. Sinclair |year=2005 |publisher=Cornell University Press |location=Ithaca, New York |isbn=978-0-8014-7491-0 |url=http://www.cornellpress.cornell.edu/book/?GCOI=80140100511490 |accessdate=30 August 2011}}</ref><ref name="Airfinance 00">{{cite news |title=Moody's blues |author=Louise Bowman |url=http://www.airfinancejournal.com/Article/2051700/Search/Results/Moodys-blues.html |magazine=Airfinance Journal |date=November 2000 |accessdate=30 August 2011}}</ref>


In early 2000 Moody's acquired the Software Products Group of [[Crowe Horwath|Crowe, Chizek & Co.]], then the eighth largest accounting and consulting firm in the U.S.,<ref>{{cite news |title=Moody's aims to turn former Crowe, Chizek unit into global business |author=Paul Dodson |newspaper=South Bend Tribune |date=20 February 2000}}</ref> which brought software used by banks to analyze the risk in taking on commercial loans.<ref>{{cite news |title=Moody's Acquires Commercial Loan Software Operation |author=Charles Keenan |newspaper=The American Banker |date=28 January 2000}}</ref> The same year, MRMS partnered with [[RiskMetrics]] to develop software that combined credit risk analysis with portfolio management.<ref name="Airfinance 00"/>
In early 2000 Moody's acquired the Software Products Group of [[Crowe Horwath|Crowe, Chizek & Co.]], then the eighth-largest accounting and consulting firm in the U.S.,<ref>{{cite news |title=Moody's aims to turn former Crowe, Chizek unit into global business |author=Paul Dodson |newspaper=South Bend Tribune |date=20 February 2000}}</ref> which brought software used by banks to analyze the risk in taking on commercial loans.<ref>{{cite news |author=Charles Keenan |date=28 January 2000 |title=Moody's Acquires Commercial Loan Software Operation |url=https://www.americanbanker.com/news/moodys-acquires-commercial-loan-software-operation |newspaper=The American Banker}}</ref> The same year, MRMS partnered with [[RiskMetrics]] to develop software that combined credit risk analysis with portfolio management.<ref name="Airfinance 00"/>


In February 2002, Moody's purchased KMV (Kealhofer, McQuown and [[Oldrich Vasicek|Vasicek]]), a [[San Francisco]]-based quantitative [[Financial risk management|risk management]] firm, and merged it with MRMS to create Moody's KMV.<ref>{{cite news |title=Mergers & Acquisitions: Moody's to Buy Credit Risk Analyzer KMV for $210 Million |author=Aaron T. Smith |newspaper=The Bond Buyer |date=12 February 2002}}</ref> The company acquired KMV's clients and its software tool for calculating the probability of credit default, EDF (Expected Default Frequency). Moody's KMV integrated financial modeling software from each former company and, in 2003, debuted its credit risk management system, Credit Monitor.<ref name="Faille Jul 03">{{cite news |title=Moody's KMV Integrates RiskCalc with Credit Monitor |author=[[Christopher Faille]] |newspaper=HedgeWorld Daily News |date=24 July 2003}}</ref>
In February 2002, Moody's purchased KMV (Kealhofer, McQuown and [[Oldrich Vasicek|Vasicek]]), a [[San Francisco]]-based quantitative [[Financial risk management|risk management]] firm, and merged it with MRMS to create Moody's KMV.<ref>{{cite news |author=Aaron T. Smith |date=12 February 2002 |title=Mergers & Acquisitions: Moody's to Buy Credit Risk Analyzer KMV for $210 Million |url=https://www.bondbuyer.com/news/mergers-acquisitions-moodys-to-buy-credit-risk-analyzer-kmv-for-210-million |newspaper=The Bond Buyer}}</ref> The company acquired KMV's clients and its software tool for calculating the [[probability of default|probability of credit default]], here returning the EDF, or "Expected Default Frequency"; see [[KMV model]]. Moody's KMV integrated financial modeling software from each former company and, in 2003, debuted its credit risk management system, Credit Monitor.<ref name="Faille Jul 03">{{cite news |title=Moody's KMV Integrates RiskCalc with Credit Monitor |author=Christopher Faille |author-link=Christopher Faille |newspaper=HedgeWorld Daily News |date=24 July 2003}}</ref>


In 2005, Moody's acquired Economy.com, an economics research and analytics firm based in [[West Chester, Pennsylvania]], adding services related to economic and demographic research, [[Country risk|country analysis]], and data on industrial, financial and regional markets.<ref>{{cite web|url=http://www.allbusiness.com/legal/856708-1.html |title=Moody’s Acquires Economy.com |date=1 December 2005 |work=Allbusiness.com |accessdate=30 August 2011 |deadurl=yes |archiveurl=https://web.archive.org/web/20110511232808/http://www.allbusiness.com/legal/856708-1.html |archivedate=May 11, 2011 }}</ref>
In 2005, Moody's acquired Economy.com, an economics research and analytics firm based in [[West Chester, Pennsylvania]], adding services related to economic and demographic research, [[Country risk|country analysis]], and data on industrial, financial and regional markets.<ref>{{cite web|url=http://www.allbusiness.com/legal/856708-1.html |title=Moody's Acquires Economy.com |date=1 December 2005 |work=Allbusiness.com |accessdate=30 August 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110511232808/http://www.allbusiness.com/legal/856708-1.html |archive-date=May 11, 2011 }}</ref>


The following year, in December 2006 the firm acquired Wall Street Analytics, a San Francisco-based financial analysis and monitoring software developer,<ref>{{cite web|url=http://www.allbusiness.com/finance/business-loans-business-credit/4020182-1.html |title=Moody’s Corporation Acquires Wall Street Analytics |date=18 December 2006 |work=Allbusiness.com |accessdate=30 August 2011 |deadurl=yes |archiveurl=https://web.archive.org/web/20110511232802/http://www.allbusiness.com/finance/business-loans-business-credit/4020182-1.html |archivedate=May 11, 2011 }}
The following year, in December 2006 the firm acquired Wall Street Analytics, a San Francisco-based financial analysis and monitoring software developer founded by [[Ron Unz]],<ref>{{cite web|url=http://www.allbusiness.com/finance/business-loans-business-credit/4020182-1.html |title=Moody's Corporation Acquires Wall Street Analytics |date=18 December 2006 |work=Allbusiness.com |accessdate=30 August 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110511232802/http://www.allbusiness.com/finance/business-loans-business-credit/4020182-1.html |archive-date=May 11, 2011 }}
</ref> which then became Moody's Wall Street Analytics.<ref name="AP Dec 06">{{cite news |title=Moody's acquires Wall Street Analytics for undisclosed sum |agency=The Associated Press |date=18 December 2006}}</ref> The acquisition brought with it software for financial risk management, including CDOnet, a tool for [[collateralized debt obligation]] (CDO) valuation.<ref name="AP Dec 06"/><ref>{{cite news |title=Risk Management: Wall Street Analytics Unveils New CDO Valuation Tool. |author=Suzanne Walker |url= |newspaper=The Bond Buyer |date=9 December 2003}}</ref>
</ref> which then became Moody's Wall Street Analytics.<ref name="AP Dec 06">{{cite news |title=Moody's acquires Wall Street Analytics for undisclosed sum |agency=The Associated Press |date=18 December 2006}}</ref> The acquisition brought with it software for financial risk management, including CDOnet, a tool for [[collateralized debt obligation]] (CDO) valuation.<ref name="AP Dec 06"/><ref>{{cite news |title=Risk Management: Wall Street Analytics Unveils New CDO Valuation Tool. |author=Suzanne Walker |newspaper=The Bond Buyer |date=9 December 2003}}</ref>


In August 2007, [[Moody's Corporation]] created a new division for its combined non-ratings businesses, Moody's Analytics, to operate separately from [[Moody's Investors Service]].<ref name="Hanson Aug 07">{{cite news |title=Moody's Corp. Divides Itself, Creates Non-Ratings Analytics Company. |author=Matthew Hanson |url= |newspaper=The Bond Buyer |date=8 August 2007 |page=3}}</ref> Subsidiary companies that make up Moody's Analytics today include Moody's KMV, Economy.com, Wall Street Analytics, Fermat International, Enb Consulting Ltd., and, most recently, [[Canadian Securities Institute|CSI Global Education Inc.]] The division began operations with Moody's KMV, Economy.com and Wall Street Analytics, and other subsidiary companies were added to Moody's Analytics through later acquisitions.
In August 2007, [[Moody's Corporation]] created a new division for its combined non-ratings businesses, Moody's Analytics, to operate separately from [[Moody's Investors Service]].<ref name="Hanson Aug 07">{{cite news |title=Moody's Corp. Divides Itself, Creates Non-Ratings Analytics Company. |author=Matthew Hanson |newspaper=The Bond Buyer |date=8 August 2007 |page=3}}</ref> Subsidiary companies that make up Moody's Analytics today include Moody's KMV, Economy.com, Wall Street Analytics, Fermat International, Enb Consulting Ltd., and, most recently, [[Canadian Securities Institute|CSI Global Education Inc.]] The division began operations with Moody's KMV, Economy.com and Wall Street Analytics, and other subsidiary companies were added to Moody's Analytics through later acquisitions.


In 2008, Moody's Analytics acquired [[List of things named after Pierre de Fermat|Fermat International]],<ref>{{cite news |title=Moody’s Analytics to Acquire Fermat International |url=http://www.streetinsider.com/Mergers+and+Acquisitions/Moody%E2%80%99s+%28MCO%29+to+Acquire+Fermat+International+for+$189+Million+Plus+Considerations%3B+Sees+Deal+Dilutive+Through+2009/3987962.html |work=StreetInsider.com |date=15 September 2008 |accessdate=26 August 2011}}</ref> a [[Brussels]]-based provider of software for financial risk and performance management in the banking sector,<ref name="Roisen Sept 08">{{cite news |title=Moody's to acquire risk management software firm |author=David Roisen |newspaper=SNL Kagan Media & Communications Report |date=16 September 2008}}</ref><ref name="FDT Oct 08">{{cite news |title=Moody's Corporation acquires Fermat International |newspaper=Financial Deals Tracker |date=14 October 2008}}</ref><ref name="Murphy Sept 08">{{cite news |title=Moody's bags Fermat |author=Carolyn Murphy |newspaper=Daily Deal/The Deal |date=16 September 2008}}</ref> used by over 100 banks across 30 countries in Europe, the Middle East and Asia.<ref name="Roisen Sept 08"/><ref name="Murphy Sept 08"/>
In 2008, Moody's Analytics acquired [[List of things named after Pierre de Fermat|Fermat International]],<ref>{{cite news |title=Moody's Analytics to Acquire Fermat International |url=http://www.streetinsider.com/Mergers+and+Acquisitions/Moody%E2%80%99s+%28MCO%29+to+Acquire+Fermat+International+for+$189+Million+Plus+Considerations%3B+Sees+Deal+Dilutive+Through+2009/3987962.html |work=StreetInsider.com |date=15 September 2008 |accessdate=26 August 2011}}</ref> a [[Brussels]]-based provider of software for financial risk and performance management in the banking sector,<ref name="Roisen Sept 08">{{cite news |title=Moody's to acquire risk management software firm |author=David Roisen |newspaper=SNL Kagan Media & Communications Report |date=16 September 2008}}</ref><ref name="FDT Oct 08">{{cite news |title=Moody's Corporation acquires Fermat International |newspaper=Financial Deals Tracker |date=14 October 2008}}</ref><ref name="Murphy Sept 08">{{cite news |title=Moody's bags Fermat |author=Carolyn Murphy |newspaper=Daily Deal/The Deal |date=16 September 2008}}</ref> used by over 100 banks across 30 countries in Europe, the Middle East and Asia.<ref name="Roisen Sept 08"/><ref name="Murphy Sept 08"/>


In December 2008, Moody's Analytics added Enb Consulting Ltd., a provider of professional training and career services in the financial sector based in [[Surrey]], [[England]], to Moody's Analytics Training Services.<ref name="Khan Dec 08">{{cite news |title=Moody's unit acquires Enb Consulting |author=Taigh Khan |newspaper=SNL Kagan Media & Communications Report |date=22 December 2008}}</ref> Its services include technical and [[soft skills]] training programs for banking and capital markets professionals.<ref>{{cite press release |title=Moody’s Analytics Acquires Enb Consulting |publisher=Moody's Corporation |date=18 December 2009 |url=http://www.businesswire.com/news/home/20081218005238/en/Moodys-Analytics-Acquires-Enb-Consulting |accessdate=30 August 2011}}</ref>
In December 2008, Moody's Analytics added Enb Consulting Ltd., a provider of professional training and career services in the financial sector based in [[Surrey]], [[England]], to Moody's Analytics Training Services.<ref name="Khan Dec 08">{{cite news |title=Moody's unit acquires Enb Consulting |author=Taigh Khan |newspaper=SNL Kagan Media & Communications Report |date=22 December 2008}}</ref> Its services include technical and [[soft skills]] training programs for banking and capital markets professionals.<ref>{{cite press release |title=Moody's Analytics Acquires Enb Consulting |publisher=Moody's Corporation |date=18 December 2009 |url=http://www.businesswire.com/news/home/20081218005238/en/Moodys-Analytics-Acquires-Enb-Consulting |accessdate=30 August 2011}}</ref>


Moody's Analytics further added to its training services in November 2010, when it acquired [[Canadian Securities Institute|Canadian Securities Institute Global Education Inc.]] (CSI), a provider of training and certification for the financial sector, best known for its introductory course to stocks and bonds, the [[Canadian Securities Course]], which is mandatory for Canadian licensed investment advisers.<ref name="Professional Nov 10">{{cite news |title=Moody's Corp. Buys CSI Global Education |newspaper=Professional Services Close-Up |date=26 November 2010}}</ref>
Moody's Analytics further added to its training services in November 2010, when it acquired [[Canadian Securities Institute|Canadian Securities Institute Global Education Inc.]] (CSI), a provider of training and certification for the financial sector, best known for its introductory course to stocks and bonds, the [[Canadian Securities Course]], which is mandatory for Canadian licensed investment advisers.<ref name="Professional Nov 10">{{cite news |title=Moody's Corp. Buys CSI Global Education |newspaper=Professional Services Close-Up |date=26 November 2010}}</ref>


In June 2010, Moody's Analytics formed a strategic alliance with [[Experian]] to provide software for financial institutions to manage consumer loan portfolios. The first product provided by the companies was Moody's CreditCycle Plus, a tool to forecast potential losses and provide [[stress testing]] of loan portfolios.<ref name="MB Jun 10">{{cite news |title=Experian and Moody's Analytics partner to offer consumer credit loss-forecasting and stress-testing product |magazine=Mortgage Banking |date=June 2010}}</ref>
In June 2010, Moody's Analytics formed a strategic alliance with [[Experian]] to provide software for financial institutions to manage consumer loan portfolios. The first product provided by the companies was Moody's CreditCycle Plus, a tool to forecast potential losses and provide [[stress testing]] of loan portfolios.<ref name="MB Jun 10">{{cite news |title=Experian and Moody's Analytics partner to offer consumer credit loss-forecasting and stress-testing product |magazine=Mortgage Banking |date=June 2010}}</ref>


In March 2011 Moody's Analytics announced the release of a software program developed by [[Moody's Corporation#Moody's Research Labs|Moody's Research Labs]], the Mortgage Portfolio Analyzer, to assist portfolio managers in managing credit risk.<ref name="MPA Mar 11">{{cite press release |title=Moody’s Analytics Launches Mortgage Portfolio Analyzer (MPA) |url=http://www.thestreet.com/story/11035415/1/moody8217s-analytics-launches-mortgage-portfolio-analyzer-mpa.html |publisher=Business Wire |date=8 March 2011 |accessdate=30 August 2011}}</ref>
In March 2011 Moody's Analytics announced the release of a software program developed by [[Moody's Corporation#Moody's Research Labs|Moody's Research Labs]], the Mortgage Portfolio Analyzer, to assist portfolio managers in managing credit risk.<ref name="MPA Mar 11">{{cite press release |title=Moody's Analytics Launches Mortgage Portfolio Analyzer (MPA) |url=http://www.thestreet.com/story/11035415/1/moody8217s-analytics-launches-mortgage-portfolio-analyzer-mpa.html |publisher=Business Wire |date=8 March 2011 |accessdate=30 August 2011 |archive-url=https://web.archive.org/web/20180919114643/https://www.thestreet.com/story/11035415/1/moody8217s-analytics-launches-mortgage-portfolio-analyzer-mpa.html |archive-date=September 19, 2018 |url-status=dead }}</ref>


In November 2011, Moody’s Corporation acquired a major stake in Copal Partners, providers of outsourced research and analytical services to institutional customers. This acquisition extends the research, data, software and training services offered by Moody’s Analytics.<ref>[http://ir.moodys.com/releasedetail.cfm?releaseid=623439 “Moody's Corporation Acquires Majority Stake in Copal Partners”] ir.moodys.com. Moody’s Corporation. Retrieved 21 February 2013.</ref>
In November 2011, Moody's Corporation acquired a major stake in Copal Partners, providers of outsourced research and analytical services to institutional customers. This acquisition extends the research, data, software and training services offered by Moody's Analytics.<ref>[http://ir.moodys.com/releasedetail.cfm?releaseid=623439 “Moody's Corporation Acquires Majority Stake in Copal Partners”] {{webarchive|url=https://web.archive.org/web/20120617052420/http://ir.moodys.com/releasedetail.cfm?ReleaseID=623439 |date=2012-06-17 }} ir.moodys.com. Moody’s Corporation. Retrieved 21 February 2013.</ref>


In December 2011, Moody’s Corporation added Barrie & Hibbert Limited, a provider of risk management modeling tools for insurance companies, to Moody’s Analytics enterprise risk management services. The acquisition broadens Moody’s Analytics suite of software solutions for the insurance and pension sectors. Barrie & Hibbert’s Economic Scenario Generator (ESG) is widely recognized as an industry standard for valuing and projecting assets and liabilities and assessing risk and capital positions.<ref>[http://ir.moodys.com/releasedetail.cfm?releaseid=634129 “Moody's Corporation Acquires Barrie & Hibbert”] ir.moodys.com. Moody’s Corporation. Retrieved 21 February 2013. </ref>
In December 2011, Moody's Corporation added Barrie & Hibbert Limited, a provider of risk management modeling tools for insurance companies, to Moody's Analytics enterprise risk management services in a deal worth £50,000,000.<ref>[http://ir.moodys.com/releasedetail.cfm?releaseid=634129 “Moody's Corporation Acquires Barrie & Hibbert”] {{webarchive|url=https://web.archive.org/web/20120617053102/http://ir.moodys.com/releasedetail.cfm?ReleaseID=634129 |date=2012-06-17 }} ir.moodys.com. Moody’s Corporation. Retrieved 21 February 2013.</ref>


In December 2013, Moody's acquired Amba Investment Services, a provider of investment research and quantitative analytics for global financial institutions.<ref>[http://ir.moodys.com/releasedetail.cfm?ReleaseID=813117 “Moody's Acquires Amba Investment Services”] ir.moodys.com. Moody’s Corporation. Retrieved 16 December 2013. </ref>
In December 2013, Moody's acquired Amba Investment Services, a provider of investment research and quantitative analytics for global financial institutions.<ref>[http://ir.moodys.com/releasedetail.cfm?ReleaseID=813117 “Moody's Acquires Amba Investment Services”] {{webarchive|url=https://web.archive.org/web/20131216190329/http://ir.moodys.com/releasedetail.cfm?ReleaseID=813117 |date=2013-12-16 }} ir.moodys.com. Moody’s Corporation. Retrieved 16 December 2013.</ref>


In October 2014, Moody's acquired Lewtan, a leading provider of a wide range of content and technology-based solutions to members of the global asset-securitization industry.<ref>{{cite web|title=About|url=http://www.lewtan.com/about/index.html|publisher=Lewtab}}</ref>
In October 2014, Moody's acquired Lewtan, a provider to members of the global asset-securitization industry.<ref>{{cite web|title=About|url=http://www.lewtan.com/about/index.html|publisher=Lewtab|access-date=October 28, 2015|archive-url=https://web.archive.org/web/20151107235045/http://www.lewtan.com/about/index.html|archive-date=November 7, 2015|url-status=dead}}</ref>


In December 2016, [[Copal Amba]], formerly a Moody's Analytics subsidiary, was merged with Moody's Analytics to form Moody's Analytics' Knowledge Services unit.<ref>{{cite web|URL=http://www.maknowledgeservices.com/copal-amba-announces-name-change-to-moodys-analytics/|title=Copal Amba Announces Name Change to Moody’s Analytics|publisher=Moody's Analytics|accessdate=12 December 2016}}</ref>
In December 2016, Copal Amba, formerly a Moody's Analytics subsidiary, was merged with Moody's Analytics to form Moody's Analytics' Knowledge Services unit.<ref>{{cite web|url=http://www.maknowledgeservices.com/copal-amba-announces-name-change-to-moodys-analytics/|title=Copal Amba Announces Name Change to Moody's Analytics|publisher=Moody's Analytics|accessdate=12 December 2016}}</ref>


Mark Almeida has been president of Moody's Analytics since January 2008.<ref>{{cite web|url=http://www.moodysanalytics.com/About-Us/Leadership-Team.aspx|title=Leadership Team|publisher=Moody's Analytics|accessdate=6 May 2013}}</ref>
Mark Almeida has been president of Moody's Analytics since January 2008 until October 2019.<ref>{{cite web|url=http://www.moodysanalytics.com/About-Us/Leadership-Team.aspx|title=Leadership Team|publisher=Moody's Analytics|accessdate=6 May 2013}}</ref> In October 2017, SBI collaborated with Moody's Analytics to train staffs.<ref>{{Cite web|url=http://www.moneycontrol.com/news/business/companies/loan-appraisalsbi-partners-moodys-analytics-to-train-staff-2409569.html|title=Loan appraisal:SBI partners Moody's Analytics to train staff|website=Moneycontrol|date=October 10, 2017 |language=en-US|access-date=2017-11-17}}</ref>

Moody's Analytics acquired [[Bureau van Dijk]] in 2017.<ref>{{Cite web|url=https://ir.moodys.com/press-releases/news-details/2017/Moodys-Completes-Acquisition-of-Bureau-van-Dijk/default.aspx|title=Moody's Completes Acquisition of Bureau van Dijk|date=November 20, 2022}}</ref>

In November 2017, the [[United States Department of Justice|Department of Justice]] charged three Chinese employees of Guangzhou Bo Yu Information Technology Company Limited with [[Chinese espionage in the United States|hacking]] into corporate entities in the United States, including Moody's Analytics.<ref>{{cite news |url=https://www.justice.gov/opa/pr/us-charges-three-chinese-hackers-who-work-internet-security-firm-hacking-three-corporations |title=U.S. Charges Three Chinese Hackers Who Work at Internet Security Firm for Hacking Three Corporations for Commercial Advantage |publisher=[[United States Department of Justice]] |author=Department of Justice, Office of Public Affairs |date=November 27, 2017 }}</ref>

Moody's Analytics acquired [[Cortera]] in 2021.<ref>{{Cite web| title = Moody's to Acquire Cortera, a Leader in Credit Data and Insights| accessdate = 2021-08-08| url = https://ir.moodys.com/press-releases/news-details/2021/Moodys-to-Acquire-Cortera-a-Leader-in-Credit-Data-and-Insights/default.aspx}}</ref>

Moody's Analytics acquired kompany in 2021.<ref>{{Cite web| title = Moody's Acquires PassFort and Agrees to Acquire kompany, Expanding KYC and Compliance Capabilities| accessdate = 2022-07-12| url = https://ir.moodys.com/press-releases/news-details/2021/Moodys-Acquires-PassFort-and-Agrees-to-Acquire-kompany-Expanding-KYC-and-Compliance-Capabilities/default.aspx}}</ref>

On 6 March 2024, Moody's Analytics was [[Rebranding|renamed]] to just "Moody's".<ref>{{Cite news |last=Clanton |first=Alicia |date=6 March 2024 |title=Moody’s Investors Service Sheds Century-Old Name in Rebrand |url=https://www.bloomberg.com/news/articles/2024-03-06/moody-s-investors-service-sheds-century-old-name-in-rebrand?srnd=markets-vp |url-access=subscription |archive-url=https://archive.today/20240307032932/https://www.bloomberg.com/news/articles/2024-03-06/moody-s-investors-service-sheds-century-old-name-in-rebrand |archive-date=7 March 2024 |access-date=7 March 2024 |work=Bloomberg}}</ref>


==Products and services==
==Products and services==
Moody's Analytics' products include Market Implied Ratings (MIR) and Expected Default Frequency (EDF) software packages. MIR applies Moody's ratings scale to credit and equity market [[price signal]]s so users can identify investment opportunities; EDF estimates a company's credit default probability based on quantitative factors including [[market capitalization]], [[Equity (finance)|equity]], [[Volatility (finance)|volatility]] and [[capital structure]].<ref name="Moody’s Corporation Investor Relations">{{cite web |url=http://ir.moodys.com/overview.cfm |title=Moody’s Corporation Investor Relations |work=ir.moodys.com |publisher=Moody's Corporation |accessdate=30 August 2011}}</ref> The division also provides financial institutions with analytical and [[Financial risk management|risk management]] software, including its RiskAnalyst credit risk management software, which is used to provide analysis of credit data for [[Loans|commercial loan]]s and to calculate risk.<ref name="Crosman Jan 10">{{cite news |title=Moody's Analytics Acquires Commercial Mortgage Modeling Software |author=Penny Crosman |url=http://www.informationweek.com/news/222301691 |work=InformationWeek |date=20 January 2010 |accessdate=29 August 2011}}</ref>
Moody's products include Market Implied Ratings (MIR) and Expected Default Frequency (EDF) software packages. MIR applies Moody's ratings scale to credit and equity market [[price signal]]s so users can identify investment opportunities; EDF estimates a company's credit default probability based on quantitative factors including [[market capitalization]], [[Equity (finance)|equity]], [[Volatility (finance)|volatility]] and [[capital structure]].<ref name="Moody’s Corporation Investor Relations">{{cite web |url=http://ir.moodys.com/overview.cfm |title=Moody's Corporation Investor Relations |work=ir.moodys.com |publisher=Moody's Corporation |accessdate=30 August 2011 |url-status=dead |archive-url=https://archive.today/20130129001036/http://ir.moodys.com/overview.cfm |archive-date=29 January 2013 }}</ref> The division also provides financial institutions with analytical and [[Financial risk management|risk management]] software, including its RiskAnalyst credit risk management software, which is used to provide analysis of credit data for [[Loans|commercial loan]]s and to calculate risk.<ref name="Crosman Jan 10">{{cite news |title=Moody's Analytics Acquires Commercial Mortgage Modeling Software |author=Penny Crosman |url=http://www.informationweek.com/news/222301691 |work=InformationWeek |date=20 January 2010 |accessdate=29 August 2011}}</ref>


==References==
==References==
{{reflist|2}}
{{Reflist|2}}

==External links==
*[http://www.moodys.com/ Moody's Investors Service]
*[http://www.moodysanalytics.com/ Moody's Analytics]
*[http://www.barrhibb.com/ Barrie & Hibbert]
*[http://www.lewtan.com/ Lewtan]


{{Authority control}}


[[Category:American companies established in 2007]]
[[Category:American companies established in 2007]]
[[Category:Financial software companies]]
[[Category:Financial software companies]]
[[Category:Economics consulting firms]]
[[Category:Macroeconomics consulting firms]]
[[Category:Risk analysis]]
[[Category:Risk analysis]]
[[Category:Multinational companies]]
[[Category:Multinational companies]]
[[Category:Financial services companies based in New York City]]
[[Category:Financial services companies based in New York City]]
[[Category:Financial technology companies]]
[[Category:Financial technology companies]]
[[Category:Research and analysis firms]]
[[Category:Research and analysis firms of the United States]]
[[Category:Research and analysis firms of the United States]]
[[Category:Financial services companies established in 2007]]
[[Category:2007 establishments in New York City]]

Latest revision as of 08:16, 31 October 2024

Moody's
FormerlyMoody's Analytics (2007–2024)
Company typeSubsidiary
IndustryFinancial services
Founded2007 (2007)
Headquarters
7 World Trade Center
New York City, New York
,
United States
ServicesCredit analysis, Financial risk management
Revenue$3.6 billion
Number of employees
10,600
ParentMoody's Corporation
Websitemoodysanalytics.com
Footnotes / references
[1]

Moody's, previously known as Moody's Analytics, is a subsidiary of Moody's Corporation established in 2007 to focus on non-rating activities, separate from Moody's Investors Service. It provides economic research regarding risk, performance and financial modeling, as well as consulting, training and software services. Moody's is composed of divisions such as Moody's KMV, Moody's Economy.com, Moody's Wall Street Analytics, the Institute of Risk Standards and Qualifications, and Canadian Securities Institute Global Education Inc.

History

[edit]

In 1995, Moody's Corporation started a business unit providing quantitative analysis services, including credit risk assessment software and services after acquiring Financial Proformas, Inc.,[2] called Moody's Risk Management Service (MRMS).[3][4]

In early 2000 Moody's acquired the Software Products Group of Crowe, Chizek & Co., then the eighth-largest accounting and consulting firm in the U.S.,[5] which brought software used by banks to analyze the risk in taking on commercial loans.[6] The same year, MRMS partnered with RiskMetrics to develop software that combined credit risk analysis with portfolio management.[4]

In February 2002, Moody's purchased KMV (Kealhofer, McQuown and Vasicek), a San Francisco-based quantitative risk management firm, and merged it with MRMS to create Moody's KMV.[7] The company acquired KMV's clients and its software tool for calculating the probability of credit default, here returning the EDF, or "Expected Default Frequency"; see KMV model. Moody's KMV integrated financial modeling software from each former company and, in 2003, debuted its credit risk management system, Credit Monitor.[8]

In 2005, Moody's acquired Economy.com, an economics research and analytics firm based in West Chester, Pennsylvania, adding services related to economic and demographic research, country analysis, and data on industrial, financial and regional markets.[9]

The following year, in December 2006 the firm acquired Wall Street Analytics, a San Francisco-based financial analysis and monitoring software developer founded by Ron Unz,[10] which then became Moody's Wall Street Analytics.[11] The acquisition brought with it software for financial risk management, including CDOnet, a tool for collateralized debt obligation (CDO) valuation.[11][12]

In August 2007, Moody's Corporation created a new division for its combined non-ratings businesses, Moody's Analytics, to operate separately from Moody's Investors Service.[13] Subsidiary companies that make up Moody's Analytics today include Moody's KMV, Economy.com, Wall Street Analytics, Fermat International, Enb Consulting Ltd., and, most recently, CSI Global Education Inc. The division began operations with Moody's KMV, Economy.com and Wall Street Analytics, and other subsidiary companies were added to Moody's Analytics through later acquisitions.

In 2008, Moody's Analytics acquired Fermat International,[14] a Brussels-based provider of software for financial risk and performance management in the banking sector,[15][16][17] used by over 100 banks across 30 countries in Europe, the Middle East and Asia.[15][17]

In December 2008, Moody's Analytics added Enb Consulting Ltd., a provider of professional training and career services in the financial sector based in Surrey, England, to Moody's Analytics Training Services.[18] Its services include technical and soft skills training programs for banking and capital markets professionals.[19]

Moody's Analytics further added to its training services in November 2010, when it acquired Canadian Securities Institute Global Education Inc. (CSI), a provider of training and certification for the financial sector, best known for its introductory course to stocks and bonds, the Canadian Securities Course, which is mandatory for Canadian licensed investment advisers.[20]

In June 2010, Moody's Analytics formed a strategic alliance with Experian to provide software for financial institutions to manage consumer loan portfolios. The first product provided by the companies was Moody's CreditCycle Plus, a tool to forecast potential losses and provide stress testing of loan portfolios.[21]

In March 2011 Moody's Analytics announced the release of a software program developed by Moody's Research Labs, the Mortgage Portfolio Analyzer, to assist portfolio managers in managing credit risk.[22]

In November 2011, Moody's Corporation acquired a major stake in Copal Partners, providers of outsourced research and analytical services to institutional customers. This acquisition extends the research, data, software and training services offered by Moody's Analytics.[23]

In December 2011, Moody's Corporation added Barrie & Hibbert Limited, a provider of risk management modeling tools for insurance companies, to Moody's Analytics enterprise risk management services in a deal worth £50,000,000.[24]

In December 2013, Moody's acquired Amba Investment Services, a provider of investment research and quantitative analytics for global financial institutions.[25]

In October 2014, Moody's acquired Lewtan, a provider to members of the global asset-securitization industry.[26]

In December 2016, Copal Amba, formerly a Moody's Analytics subsidiary, was merged with Moody's Analytics to form Moody's Analytics' Knowledge Services unit.[27]

Mark Almeida has been president of Moody's Analytics since January 2008 until October 2019.[28] In October 2017, SBI collaborated with Moody's Analytics to train staffs.[29]

Moody's Analytics acquired Bureau van Dijk in 2017.[30]

In November 2017, the Department of Justice charged three Chinese employees of Guangzhou Bo Yu Information Technology Company Limited with hacking into corporate entities in the United States, including Moody's Analytics.[31]

Moody's Analytics acquired Cortera in 2021.[32]

Moody's Analytics acquired kompany in 2021.[33]

On 6 March 2024, Moody's Analytics was renamed to just "Moody's".[34]

Products and services

[edit]

Moody's products include Market Implied Ratings (MIR) and Expected Default Frequency (EDF) software packages. MIR applies Moody's ratings scale to credit and equity market price signals so users can identify investment opportunities; EDF estimates a company's credit default probability based on quantitative factors including market capitalization, equity, volatility and capital structure.[35] The division also provides financial institutions with analytical and risk management software, including its RiskAnalyst credit risk management software, which is used to provide analysis of credit data for commercial loans and to calculate risk.[36]

References

[edit]
  1. ^ "About Moody's Analytics". moodysanalytics.com. Moody's Analytics, Inc. 2011. Retrieved August 30, 2011.
  2. ^ Personal Experience in both companies
  3. ^ Sinclair, Timothy J. (2005). The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness. Ithaca, New York: Cornell University Press. ISBN 978-0-8014-7491-0. Retrieved August 30, 2011.
  4. ^ a b Louise Bowman (November 2000). "Moody's blues". Airfinance Journal. Retrieved August 30, 2011.
  5. ^ Paul Dodson (February 20, 2000). "Moody's aims to turn former Crowe, Chizek unit into global business". South Bend Tribune.
  6. ^ Charles Keenan (January 28, 2000). "Moody's Acquires Commercial Loan Software Operation". The American Banker.
  7. ^ Aaron T. Smith (February 12, 2002). "Mergers & Acquisitions: Moody's to Buy Credit Risk Analyzer KMV for $210 Million". The Bond Buyer.
  8. ^ Christopher Faille (July 24, 2003). "Moody's KMV Integrates RiskCalc with Credit Monitor". HedgeWorld Daily News.
  9. ^ "Moody's Acquires Economy.com". Allbusiness.com. December 1, 2005. Archived from the original on May 11, 2011. Retrieved August 30, 2011.
  10. ^ "Moody's Corporation Acquires Wall Street Analytics". Allbusiness.com. December 18, 2006. Archived from the original on May 11, 2011. Retrieved August 30, 2011.
  11. ^ a b "Moody's acquires Wall Street Analytics for undisclosed sum". The Associated Press. December 18, 2006.
  12. ^ Suzanne Walker (December 9, 2003). "Risk Management: Wall Street Analytics Unveils New CDO Valuation Tool". The Bond Buyer.
  13. ^ Matthew Hanson (August 8, 2007). "Moody's Corp. Divides Itself, Creates Non-Ratings Analytics Company". The Bond Buyer. p. 3.
  14. ^ "Moody's Analytics to Acquire Fermat International". StreetInsider.com. September 15, 2008. Retrieved August 26, 2011.
  15. ^ a b David Roisen (September 16, 2008). "Moody's to acquire risk management software firm". SNL Kagan Media & Communications Report.
  16. ^ "Moody's Corporation acquires Fermat International". Financial Deals Tracker. October 14, 2008.
  17. ^ a b Carolyn Murphy (September 16, 2008). "Moody's bags Fermat". Daily Deal/The Deal.
  18. ^ Taigh Khan (December 22, 2008). "Moody's unit acquires Enb Consulting". SNL Kagan Media & Communications Report.
  19. ^ "Moody's Analytics Acquires Enb Consulting" (Press release). Moody's Corporation. December 18, 2009. Retrieved August 30, 2011.
  20. ^ "Moody's Corp. Buys CSI Global Education". Professional Services Close-Up. November 26, 2010.
  21. ^ "Experian and Moody's Analytics partner to offer consumer credit loss-forecasting and stress-testing product". Mortgage Banking. June 2010.
  22. ^ "Moody's Analytics Launches Mortgage Portfolio Analyzer (MPA)" (Press release). Business Wire. March 8, 2011. Archived from the original on September 19, 2018. Retrieved August 30, 2011.
  23. ^ “Moody's Corporation Acquires Majority Stake in Copal Partners” Archived 2012-06-17 at the Wayback Machine ir.moodys.com. Moody’s Corporation. Retrieved 21 February 2013.
  24. ^ “Moody's Corporation Acquires Barrie & Hibbert” Archived 2012-06-17 at the Wayback Machine ir.moodys.com. Moody’s Corporation. Retrieved 21 February 2013.
  25. ^ “Moody's Acquires Amba Investment Services” Archived 2013-12-16 at the Wayback Machine ir.moodys.com. Moody’s Corporation. Retrieved 16 December 2013.
  26. ^ "About". Lewtab. Archived from the original on November 7, 2015. Retrieved October 28, 2015.
  27. ^ "Copal Amba Announces Name Change to Moody's Analytics". Moody's Analytics. Retrieved December 12, 2016.
  28. ^ "Leadership Team". Moody's Analytics. Retrieved May 6, 2013.
  29. ^ "Loan appraisal:SBI partners Moody's Analytics to train staff". Moneycontrol. October 10, 2017. Retrieved November 17, 2017.
  30. ^ "Moody's Completes Acquisition of Bureau van Dijk". November 20, 2022.
  31. ^ Department of Justice, Office of Public Affairs (November 27, 2017). "U.S. Charges Three Chinese Hackers Who Work at Internet Security Firm for Hacking Three Corporations for Commercial Advantage". United States Department of Justice.
  32. ^ "Moody's to Acquire Cortera, a Leader in Credit Data and Insights". Retrieved August 8, 2021.
  33. ^ "Moody's Acquires PassFort and Agrees to Acquire kompany, Expanding KYC and Compliance Capabilities". Retrieved July 12, 2022.
  34. ^ Clanton, Alicia (March 6, 2024). "Moody's Investors Service Sheds Century-Old Name in Rebrand". Bloomberg. Archived from the original on March 7, 2024. Retrieved March 7, 2024.
  35. ^ "Moody's Corporation Investor Relations". ir.moodys.com. Moody's Corporation. Archived from the original on January 29, 2013. Retrieved August 30, 2011.
  36. ^ Penny Crosman (January 20, 2010). "Moody's Analytics Acquires Commercial Mortgage Modeling Software". InformationWeek. Retrieved August 29, 2011.
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