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Moody’s withdraws credit ratings of Russian organizations

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NEW YORK, March 25, 2022–(BUSINESS WIRE)–Moody’s Corporation (NYSE:MCO) today announced that Moody’s Investors Service (MIS) intends to withdraw its credit ratings on Russian entities.

On March 5, 2022, Moody’s announced the suspension of all business in Russia.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE: MCO) is a global risk assessor that enables companies to make better decisions. The company’s data, analytics solutions and insights support decision makers in their efforts to identify opportunities and manage risk when doing business with others. We believe that greater transparency, better informed decisions, and equitable access to information pave the way for shared progress. With more than 13,000 employees in more than 40 countries, Moody’s combines an international presence with local expertise and more than a century of experience in the financial markets. Visit moodys.com/about for more information.

Safe Harbor Statement under the US Private Securities Litigation Reform Act of 1995

Certain statements in this document are forward-looking statements and are based on future expectations, plans and prospects for Moody’s business and operations that involve a number of risks and uncertainties. The forward-looking statements in this document are made as of the date of this release, and Moody’s undertakes no obligation to add, update or revise such statements in the future to reflect subsequent developments, changes in expectations or otherwise. In connection with the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995, Moody’s identifies certain factors that could cause actual results to differ materially from those projected in forward-looking statements. These factors, risks and uncertainties include, but are not limited to, the global impact of the Ukraine crisis on US and global financial market volatility, general US economic conditions and GDP, economic disruptions and slowdowns; the impact of COVID-19 on global financial market volatility, general economic conditions, and the Company’s operations and personnel; future global credit market disruptions or economic downturns that could affect the volume of debt and other securities issued in the domestic and/or global capital markets; other matters that could affect the volume of debt and other securities issued in the domestic and/or global capital markets, including regulation, credit quality concerns, changes in interest rates, inflation and other volatility in the financial markets, such as: . B. due to Brexit and uncertainty as companies move away from LIBOR; the level of merger and acquisition activity in the US and abroad; the uncertain effectiveness and potential spillover effects of US and foreign government actions affecting credit markets, international trade, and economic policies, including those related to tariffs, tax treaties, and trade barriers; market concerns affecting our credibility or otherwise affecting market perceptions of the integrity or usefulness of independent credit agency ratings; the introduction of competing products or technologies by other companies; price pressure from competitors and/or customers; the degree of success in new product development and global expansion; the impact of regulation such as NRSRO, the potential for new US, state and local laws and regulations; the potential for increased competition and regulation in the EU and other foreign jurisdictions; litigation risk related to our rating opinions and other litigation, government and regulatory proceedings, investigations and investigations to which Moody’s may be exposed from time to time; changes in US law resulting in modified rules for written submissions and EU regulations that change the liability rules applicable to credit rating agencies in a manner adverse to credit rating agencies; Provisions in EU regulations that impose additional procedural and substantive requirements on the pricing of services and the extension of prudential powers to non-EU ratings used for regulatory purposes; the potential loss of key employees; failures or malfunctions in our operations and infrastructure; any vulnerabilities to cyber threats or other cyber security issues; the outcome of any review by the relevant tax authorities of Moody’s global tax planning initiatives; exposure to potential criminal penalties or civil remedies if Moody’s fails to comply with applicable US and foreign laws and regulations in the jurisdictions in which Moody’s operates, including data protection laws, privacy laws, sanctions laws, anti-corruption laws and local laws, which prohibit the payment of bribes to government officials; the impact of mergers and acquisitions, such as our acquisition of RMS or other business combinations, and Moody’s ability to successfully integrate such acquired businesses; currency and exchange rate fluctuations; the amount of future cash flows; the level of capital investments; and a decrease in demand for credit risk management tools by financial institutions. These factors, risks and uncertainties, and other risks and uncertainties that could cause Moody’s actual results to differ materially from those contemplated, expressed, projected, expected or implied by forward-looking statements are discussed under “Risk Factors” in Part I. , Item 1A of Moody’s Annual Report on Form 10-K for the year ended December 31, 2021 and other filings with the SEC by Moody’s from time to time or the materials contained herein or contained in this Se warns Shareholders and Investors that the occurrence of any of these factors, risks or uncertainties could cause the actual results of the Company to differ materially from those contemplated, expressed, projected, expected or implied in the forward-looking statements, with a material effect and adverse effect it could have on Moody’s business, results of operations and financial condition. New factors may arise from time to time and Moody’s cannot predict new factors, nor is Moody’s in a position to assess the potential effect of new factors on the company.

The source language in which the original text is published is the official and authorized version. Translations will be included for better understanding. Only the version in the language that was originally published is legally valid. Therefore, compare the translations with the original language version of the publication.

View the original version on businesswire.com: https://www.businesswire.com/news/home/20220324005962/en/

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Moody’s Communications
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