MCO Moody`s Corp.

Moody’s maintained France’s credit rating at Aa3, considered high grade, but retained its negative outlook as political fragmentation, civil unrest and rising borrowing costs increase pressure on the country’s public finances. The agency warned that political instability could weaken the government’s ability to address key challenges, including the elevated fiscal deficit, mounting public debt and persistently higher financing costs. Moody’s said the outlook could return to stable if France’s institutions make meaningful progress in reducing the deficit. The decision comes as France, the euro zone’s second-largest economy, faces growing pressure in financial markets. Its 10-year government bond yield surpassed 5% this week for the first time since 2002, while the spread over German Bunds reached its highest level in 15 years, reflecting investors’ concerns about fiscal sustainability and political uncertainty. $MCO

$MCO Moody's missed on both lines in Q3. Adjusted EPS came in at 4.14 dollars vs 4.25 expected, and revenue was 2.02 billion dollars, up about 1% and light vs estimates. Investment-grade transaction revenue grew 18% in the quarter, but Investors Service revenue still fell 1% to 1.09 billion dollars, leveraged finance issuance is just softer right now. Analytics grew 3% to 936 million dollars. Full-year guide was backed anyway. Adjusted EPS still seen at 16.50 to 17.00 dollars, revenue growth high single digits.

$MCO Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $4.14 up 5.61% YoY • Reported revenue of $2.02B up 0.80% YoY • Moodys reaffirmed full-year 2026 guidance: revenue increase in the high-single-digit percent range, operating margin 44% to 45%, adjusted operating margin 52% to 53%, diluted EPS $16.00 to $16.50, and adjusted diluted EPS $16.50 to $17.00.

Moody’s Ratings upgraded Egypt’s long-term issuer ratings to B3 from Caa1 on Friday, maintaining a positive outlook. The upgrade reflects sustained fiscal consolidation and structural economic reforms that have put public debt on a downward trajectory. Egypt recorded a primary budget surplus of 4.9% of GDP in fiscal 2026, supported by stronger revenue collection, spending restraint and energy price adjustments. Public debt fell to 81.8% of GDP in June 2026, from 95.2% three years earlier. Monetary reforms introduced since early 2024, including a shift to a flexible exchange-rate regime and tighter monetary policy, have improved the economy’s ability to withstand currency shocks and eliminated chronic foreign-currency shortages. Official foreign reserves reached $57 billion in September 2026, supported by recovering tourism and remittance inflows that offset weaker Suez Canal revenues and a wider hydrocarbon trade deficit. $MCO