Moody's: Solid Q3 2024 Performance And Valuation Gap To SPGI Is Closing

I recommended a hold rating for Moody's Corporation (NYSE: MCO ) when I wrote about it last month as I remained concerned about the relatively high valuation multiple vs. S&P Global Inc. ( SPGI ). However, I didI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, e ...