Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

MOODY'S CORPORATION

(MCO)
  Report
Delayed Nyse  -  04:04 2022-09-30 pm EDT
243.11 USD   -1.40%
09/30S&P cuts UK rating outlook after tax cut plan
RE
09/30It Will Take 3 Years to Return to International Capital Market - Finance Minister
AQ
09/30European Midday Briefing: Record Eurozone CPI Likely to Prompt Hawkish ECB Response
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Moody's Corporation : Moody's keeps negative outlook for non-profit hospitals

01/22/2013 | 12:15pm EDT
Moody's sign on 7 World Trade Center tower in New York

WASHINGTON (Reuters) - Moody's Investors Service said on Tuesday its outlook for U.S. not-for-profit hospitals will remain negative in 2013, marking the fifth year the rating agency has expressed concerns about the sector.

"Our sector outlook has been negative since 2008, reflecting the lasting impact of the recession on patient volumes, significant challenges facing the industry resulting from changes in how hospitals are paid, and heightened pressure from businesses and all levels of government to lower the cost of healthcare services," said Daniel Steingart, Moody's assistant vice president, in a statement.

Hospitals face slow revenue growth, possible federal cuts and limited reimbursements from insurers this year, the agency said. It added that "tepid economic growth and elevated unemployment will dampen demand for healthcare."

Moreover, the health insurance law known as "Obamacare" calls for more than $300 billion in reductions to Medicare payments through 2019, Moody's added. As the federal government begins tough negotiations to reduce its long-term debt and deficit it could continue to seek savings in Medicare payments, as well, it said.

One bright spot the ratings agency found was the management decisions made by hospital boards and staff to merge or affiliate their organizations, which has often improved operating performance.

"Operating margins and leverage metrics have not deteriorated in recent years, despite negative headwinds, because management teams have successfully managed expenses in light of weak patient volumes and less robust revenue growth," said Steingart.

(Reporting by Lisa Lambert; Editing by Chizu Nomiyama and James Dalgleish)


© Reuters 2013
All news about MOODY'S CORPORATION
09/30S&P cuts UK rating outlook after tax cut plan
RE
09/30It Will Take 3 Years to Return to International Capital Market - Finance Minister
AQ
09/30European Midday Briefing: Record Eurozone CPI Likely to Prompt ..
DJ
09/30Moody's Maintains Anheuser-Busch InBev's Ratings On Recovery From COVID-19 Shock
MT
09/29Moody's: will have to discuss on oct. 21 whether uk govt spendin…
RE
09/29CarMax says inflation taking toll on car demand; auto stocks fall
RE
09/29Moody's Analytics : Most States are Well Prepared to Weather a Recession
BU
09/28Moody’s Confirms Axactor on Positive Financial Performance Trend
MT
09/28U.S. goods trade deficit narrows in August as imports fall
RE
09/28Sterling pares losses against dollar as BOE resumes bond purchases
RE
More news
Analyst Recommendations on MOODY'S CORPORATION
More recommendations
Financials (USD)
Sales 2022 5 740 M - -
Net income 2022 1 549 M - -
Net Debt 2022 5 520 M - -
P/E ratio 2022 29,2x
Yield 2022 1,15%
Capitalization 44 622 M 44 622 M -
EV / Sales 2022 8,74x
EV / Sales 2023 7,95x
Nbr of Employees 14 206
Free-Float 53,4%
Chart MOODY'S CORPORATION
Duration : Period :
Moody's Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MOODY'S CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 243,11 $
Average target price 311,88 $
Spread / Average Target 28,3%
EPS Revisions
Managers and Directors
Robert Scott Fauber President, Chief Executive Officer & Director
Mark Kaye Chief Financial Officer & Senior Vice President
Raymond W. McDaniel Non-Executive Chairman
Mona Breed Chief Information Officer & Senior Vice President
Helene Gurian Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
MOODY'S CORPORATION-36.87%44 622
S&P GLOBAL, INC.-34.22%101 834
THOMSON REUTERS CORPORATION-6.26%49 937
RELX PLC-8.33%46 927
MSCI, INC.-31.16%33 955
EXPERIAN PLC-26.73%27 068