Moody's Corporation

Ratings carry demonstrated fee resilience because they are a small portion of total issuance costs yet crucial for market access. Moody’s has historically lifted fees and realized mix/pricing gains, especially in complex segments.

In analytics, 96% recurring revenue and double‑digit ARR growth in Decision Solutions/KYC enable steady mid‑single‑digit price escalators layered on top of seat/usage expansion. The company’s 2025 guidance and margin profile imply continued pricing traction despite episodic issuance volatility.

Latent pricing power is substantial, given regulatory entrenchment and workflow integration, though tempered by regulator and client scrutiny.