Moody's Corporation (MEX:MCO)
MXN 7638.36 -104.94 (-1.36%) Market Cap: 1.42 Til Enterprise Value: 1.50 Til PE Ratio: 46.06 PB Ratio: 21.55 GF Score: 87/100

Moody's Corp Acquisition of Risk Management Solutions Inc (Pre-recorded M&A Call) Transcript

Aug 05, 2021 / NTS GMT
Release Date Price: MXN7508.03
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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