Moody's Investors Service

Moody's Corporation Reports Results for Fourth Quarter and Full Year 2023; Sets Outlook for 2024

Retrieved on: 
Tuesday, February 13, 2024

Moody's Corporation (NYSE: MCO) today announced results for the fourth quarter and full year 2023, and provided its outlook for full year 2024.

Key Points: 
  • Moody's Corporation (NYSE: MCO) today announced results for the fourth quarter and full year 2023, and provided its outlook for full year 2024.
  • The Fourth Quarter and Full Year 2023 Earnings Release and other earnings materials can be found on the Moody’s IR website at ir.moodys.com .
  • In addition, the Earnings Release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov .
  • “2023 was a year of tremendous progress for Moody's.

TalentNeuron Accelerates Innovation Strategy with Expanded Leadership Team

Retrieved on: 
Tuesday, February 13, 2024

NEW YORK, Feb. 13, 2024 /PRNewswire-PRWeb/ -- TalentNeuron, the leader in global labor market intelligence, is rapidly accelerating development of its cutting-edge talent solutions. The company today announced a realignment that consolidates key functions under a new executive leadership structure focused squarely on advancing innovation.

Key Points: 
  • The company today announced a realignment that consolidates key functions under a new executive leadership structure focused squarely on advancing innovation.
  • "In the past 12 months, TalentNeuron has significantly accelerated its pace of innovation to better serve organizations across the globe in navigating today's complex labor landscape," said Julie Peck, chief executive officer of TalentNeuron.
  • Sustaining and building on this momentum requires a newly aligned leadership team with a track record of transformational innovation and delivering world-class products at a rapid pace.
  • David Wilkins, who joined TalentNeuron in October, steps up to an expanded position as Chief Product and Marketing Officer.

Statement by Jake P. Noch Family Office, LLC in Support of Israel, the Only Jewish State, and Condemnation of Moody's Downgrade Decision

Retrieved on: 
Saturday, February 10, 2024

Jake P. Noch Family Office, LLC operates as a single-family office, managing the financial affairs and investments of its principal, Jake P. Noch, with no outside clients.

Key Points: 
  • Jake P. Noch Family Office, LLC operates as a single-family office, managing the financial affairs and investments of its principal, Jake P. Noch, with no outside clients.
  • In response to Moody's downgrade, Jake P. Noch Family Office, LLC wishes to express its profound disappointment and concerns over the assessment.
  • Jake P. Noch Family Office, LLC urges Moody's to reconsider its downgrade decision and conduct a more thorough assessment that incorporates the fundamental thesis on Israel's security and economic potential.
  • Furthermore, Jake P. Noch Family Office, LLC reaffirms its unwavering support for Israel and its commitment to promoting fairness and transparency in financial assessments.

EQS-News: Moody's upgrades OLB's ratings, reflecting strengthened financial profile and outlook

Retrieved on: 
Wednesday, February 7, 2024

The outlook on these ratings has been changed to ‘stable’ from ‘positive’, reflecting the confidence in OLB's strengthened financial position and prospects in a challenging economic environment.

Key Points: 
  • The outlook on these ratings has been changed to ‘stable’ from ‘positive’, reflecting the confidence in OLB's strengthened financial position and prospects in a challenging economic environment.
  • This change further underscores the bank's improved solvency and liquidity profiles, which Moody's expects to remain robust despite external pressures.
  • Looking ahead, the stable outlook on OLB's ratings reflects Moody's expectation of continued fundamental strength, supported by prudent risk management practices and adequate liquidity buffers.
  • OLB remains committed to delivering value to its customers and stakeholders while maintaining a strong financial foundation.

SeABank completes 2023 business plan: noticeable CASA growth, controlled NPL

Retrieved on: 
Wednesday, February 7, 2024

HANOI, Vietnam, Feb. 7, 2024 /PRNewswire/ -- Considering the global and domestic unstable economic context, these results imply SeABank's flexible business transformation focusing on digital technology, green credit development and launching new fee-charging products.

Key Points: 
  • Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its 2023 business results with considerable growth: CASA increased to 11.5%; Net increase in outstanding debt and mobilization respectively up 16.76% and 25.35% YoY; NPL is controlled at 1.94%; EBT reached more than US$189.4 million.
  • Ending 2023, SeABank's total assets reached US$10.9 billion, growing 15% YoY; Charter capital increased to US$1 billion, up 22.32% YoY.
  • In 2023, the total amount of reduced interest for existing customers has reached up to US$16.7 million.
  • These efforts have resulted in the EBT of more than US$189.4 million, completing the 2023 business plan, equivalent to ROE of 13.03%.

SeABank completes 2023 business plan: noticeable CASA growth, controlled NPL

Retrieved on: 
Wednesday, February 7, 2024

HANOI, Vietnam, Feb. 6, 2024 /PRNewswire/ -- Considering the global and domestic unstable economic context, these results imply SeABank's flexible business transformation focusing on digital technology, green credit development and launching new fee-charging products.

Key Points: 
  • Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) announced its 2023 business results with considerable growth: CASA increased to 11.5%; Net increase in outstanding debt and mobilization respectively up 16.76% and 25.35% YoY; NPL is controlled at 1.94%; EBT reached more than US$189.4 million.
  • Ending 2023, SeABank's total assets reached US$10.9 billion, growing 15% YoY; Charter capital increased to US$1 billion, up 22.32% YoY.
  • In 2023, the total amount of reduced interest for existing customers has reached up to US$16.7 million.
  • These efforts have resulted in the EBT of more than US$189.4 million, completing the 2023 business plan, equivalent to ROE of 13.03%.

Kia welcomes credit rating upgrade to A3 by Moody's Investors Service

Retrieved on: 
Tuesday, February 6, 2024

SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.

Key Points: 
  • SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.
  • According to the report from Moody's, the rating upgrade reflects Kia's continued profitability and balance sheet improvements, underpinned by the company's strengthened product competitiveness and strong free cash flow generation.
  • "Kia has achieved substantial improvements in profitability through strengthened product and cost competitiveness by securing investment efficiency," said Woo Jeong Joo, Executive Vice President and CFO of Kia Corporation.
  • In the meantime, Hyundai Motor Company and Hyundai Mobis also received an upgrade of the companies' corporate rating from Baa1 with a positive outlook to A3 with a stable outlook.

Kia welcomes credit rating upgrade to A3 by Moody's Investors Service

Retrieved on: 
Tuesday, February 6, 2024

SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.

Key Points: 
  • SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Kia Corporation today welcomed Moody's Investors Service (Moody's) upgrade of the company's corporate rating to A3 with a stable outlook from a previous rating of Baa1 with a positive outlook.
  • According to the report from Moody's, the rating upgrade reflects Kia's continued profitability and balance sheet improvements, underpinned by the company's strengthened product competitiveness and strong free cash flow generation.
  • "Kia has achieved substantial improvements in profitability through strengthened product and cost competitiveness by securing investment efficiency," said Woo Jeong Joo, Executive Vice President and CFO of Kia Corporation.
  • In the meantime, Hyundai Motor Company and Hyundai Mobis also received an upgrade of the companies' corporate rating from Baa1 with a positive outlook to A3 with a stable outlook.

NaaS Technology Achieves a S&P ESG Rating 98% Higher Than Its Global Peers

Retrieved on: 
Tuesday, February 6, 2024

NaaS Technology (NASDAQ: NAAS), which participated in the assessment for the first time, achieved outstanding results.

Key Points: 
  • NaaS Technology (NASDAQ: NAAS), which participated in the assessment for the first time, achieved outstanding results.
  • This reflects the industry's high recognition of NaaS' ESG management level.
  • The S&P Global Corporate Sustainability Assessment (CSA), initiated in 1999, is one of the largest annual assessments of corporate sustainable development practices globally.
  • In September, NaaS received a "2" rating from Moody's for its environmental, social, and corporate governance (ESG) with a main score of "76".

Banco Santander-Chile Announces Fourth Quarter 2023 Earnings

Retrieved on: 
Friday, February 2, 2024

SANTIAGO, Chile, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the twelve-month period ended December 31, 2023, and fourth quarter 2023 (4Q23).

Key Points: 
  • SANTIAGO, Chile, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the twelve-month period ended December 31, 2023, and fourth quarter 2023 (4Q23).
  • As of December 31, 2023 our NPS reached 60 points, and our contact center reached 72 points, being recognized as the best in the industry.
  • Our CET1 ratio remains solid at 11.1% and the total Basel III ratio reaches 17.6% at the end of December 2023.
  • Our earnings webcast will be held on Friday, February 2, 2023 at 8.30am New York time.