Moody’s Shares Jump Most Since April as Profit Increases 31%
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Shares of Moody’s Corp., owner of the second-largest credit rater, surged the most in almost three months after reporting a 31 percent increase in profits.
Moody’s rose 3.8 percent to $64.68 in New York, the largest gain since April 29, as the company said second-quarter earnings climbed on higher bond issuance, which boosted demand for its credit grades.