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Stock impact report

Moody's Riyadh Hub Brings Vision 2030 Capital Market Growth Closer [Yahoo! Finance]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Yahoo! Finance
Moody's (NYSE:MCO) has opened a regional headquarters in Riyadh, Saudi Arabia. The new hub is intended to support the Kingdom's capital markets and Vision 2030 agenda. The move expands Moody's on the ground presence in the Middle East and brings its analytics closer to local institutions. For investors watching NYSE:MCO, the Riyadh headquarters adds a new regional layer to a business that is already active in global credit ratings and analytics. The company's shares last closed at $479.47, with a 3 year return of 68.9% and a 5 year return of 79.4%. Over the past week, the stock is up 6.7%, while shorter term performance has been mixed with a 30 day return of 7.6% and a year to date return of 3.9%. This new presence in Saudi Arabia places Moody's closer to a market that is working toward deeper and more diversified capital markets under Vision 2030. For investors, the development is less about immediate financial impact and more about how the company is positioning itself in r Show less Read more
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