Risk assessment firm Moody's Corp. (NYSE: MCO) plans to withdraw the credit ratings provided by its Moody’s Investors Service (MIS) on entities based in Russia. This follows the company’s announcement on March 5 to suspend operations in the transcontinental nation. The suspension, which comes in the wake of Russia’s invasion of Ukraine, included Moody’s Analytics (MA) and MIS. The decision did not include all operations of MIS, which continued to provide analytical coverage for existing ratings. Based out of New York, Moody's offers data, analytical solutions and insights.
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