Moody's affirms MSCI; outlook up to positive

Moody's Investors Service said it affirmed the Ba2 corporate family rating of MSCI, Inc. and changed the outlook to positive from stable.

According to the agency, MSCI's Ba2 corporate family rating reflects strong cash flow and leverage metrics for the rating category, a leading market position in two highly profitable service lines and a largely subscription-based revenue model with high customer retention rates.

The positive outlook anticipates a moderate improvement in profitability and credit metrics over the next year driven primarily by growth in the index subscription business and in equity index asset-based revenues, Moody's added.

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