Moody's predicts double digit percent growth from credit derivatives

Moody's Corporation says it expects strong double-digit year-over-year percent growth in revenue for its Moody's Investors Service ratings and research business from credit derivatives and CMBS ratings. The rating agency says this will partially offset a decline in revenue from residential MBS ratings, including home equity securitization, to the low to mid teens percent range. In US structured finance, it predicts revenue for 2007 to rise in the low double-digit percent range.

Moody's expects ratings revenue outside the US to grow in the high-teens to 20% range. In the US, Moody's expects mid-teens percent revenue growth for its ratings and research business for the 2007 year.

Source: Moody's