Moody's Profit, Revenue Rise in 2Q

Credit rating agency Moody's Corp reported a 42% rise in quarterly profit, driven by higher revenue from its analytics and bond rating businesses.

Net income attributable to Moody's rose to $319.2 million, or $1.48 per share, in the second quarter ended June 30 from $225.5 million, or $1 per share, a year earlier.