Moody's raises full-year profit forecast above estimates on strong product demand

Growing expectations of a soft landing for the U.S. economy as the Federal Reserve began its rate cut cycle in September have spurred investors to spend more on analytics and data-related products to enable better investments. This has helped firms such as Moody's to perform well. "Moody's record-breaking revenue performance in the third quarter is a testament to our unwavering status as the Agency of Choice for our customers and our actions to prime the business for durable future growth," said CEO Robert Fauber in a statement.