NEW YORK - Moody's Corporation (NYSE:MCO) announced today that Atsi Sheth has been appointed as the new Chief Credit Officer for Moody's Ratings. Sheth, who has a distinguished history with the company, will oversee the Ratings & Process Oversight, Credit Strategy & Research, Methodology & Model Development, and Methodology Review groups.
Michael West, President of Moody's Ratings, praised Sheth's ability to communicate complex credit narratives and her "wealth of analytical experience," which he believes makes her the right choice to guide the firm's credit perspectives.
Sheth's career at Moody's has been marked by progressively influential roles, including Managing Director in the Sovereign Risk Group. Currently, she is the Head of Global Credit Strategy and Research for Moody's Ratings, a role she will maintain until her successor is named.
With an academic background that includes a Ph.D. from Northwestern (NASDAQ:NWE) University and a B.A. from Bombay University, Sheth also brings experience from academia, having taught at Northwestern and Columbia University.
Moody's Ratings provides credit ratings for a diverse range of financial institutions, corporations, and governmental entities, with over $70 trillion of debt rated across sectors such as Financial Institutions, Corporate Finance, Structured Finance, and Global Public, Project, and Infrastructure Finance.
InvestingPro Insights
Moody's Corporation (NYSE:MCO) has not only been a beacon for credit ratings but also a noteworthy performer in the financial market. The company's commitment to maintaining robust credit perspectives is mirrored in its financial solidity. Moody's boasts an impressive Market Cap of approximately $71.5 billion, underscoring its substantial presence in the industry.
Investors keeping a close eye on P/E ratios will note that Moody's is currently trading at a P/E Ratio of 44.95, which adjusts to 42.93 for the last twelve months as of Q4 2023. This high earnings multiple suggests that the market has high expectations for the company's future earnings potential. Moreover, the company's Revenue Growth for the same period stands at a healthy 8.19%, reflecting its ability to expand its top-line earnings in a competitive environment.
For dividend-seeking investors, Moody's demonstrates a strong track record, having raised its dividend for 14 consecutive years and maintained dividend payments for 27 consecutive years. This consistency is a testament to the company's stable financial performance and its commitment to returning value to shareholders. Additionally, the company's Dividend Growth over the last twelve months was 21.43%.
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