Scotland Aims to Launch Its Own Bonds, Remembering the Cost of Independence.
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Updated: Nov 30 2025
0mins
Source: WSJ
- Historical Context: Scotland's last venture into capital markets occurred in 1695, involving significant investment from merchants and aristocrats.
- Failed Investment: The attempt was to establish a colony aimed at dominating global trade, but it ultimately failed, leading to substantial financial loss.
MCO.N$0.0000%Past 6 months

No Data
Analyst Views on MCO
Wall Street analysts forecast MCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MCO is 540.54 USD with a low forecast of 471.00 USD and a high forecast of 620.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast MCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MCO is 540.54 USD with a low forecast of 471.00 USD and a high forecast of 620.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 487.130

Current: 487.130

Neutral
maintain
$539 -> $550
Reason
Mizuho analyst Sean Kennedy raised the firm's price target on Moody's to $550 from $539 and keeps a Neutral rating on the shares. The firm upped estimates post the company's earnings report.
Market Perform
downgrade
$534 -> $507
Reason
BMO Capital lowered the firm's price target on Moody's to $507 from $534 and keeps a Market Perform rating on the shares. The company reported a beat and raise as issuance was better than expected via leveraged loan, high-yield, and private credit, while margin strength was on display in both segments, though the firm is reducing its price target using revised estimates and current multiples, the analyst tells investors in a research note.
Overweight
maintain
$597 -> $620
Reason
Wells Fargo analyst Jason Haas raised the firm's price target on Moody's to $620 from $597 and keeps an Overweight rating on the shares. The firm notes the company delivered strong Q3 results above Street expectations driven by better-than-expected issuance. Tight spreads, an increase in M&A activity, and growing refinance walls should support issuance momentum ahead, Wells adds.
downgrade
$526 -> $471
Reason
Stifel lowered the firm's price target on Moody's to $471 from $526 and keeps a Hold rating on the shares. The debt issuance outlook seems better into 2026, says the analyst, whose estimate changes incorporate a "rosier MIS outlook, but a slightly more conservative MA revenue outlook." The firm is lowering its price target to reflect lower valuations in the Info Services comp group, the analyst noted.
About MCO
Moody's Corporation is a global integrated risk assessment company. It is a global provider of research and insights; data and information, and decision solutions, which help companies make decisions. Its MA segment provides data, intelligence and analytical tools to help business and financial leaders make decisions. MA consists of a premier fixed income and economic research business (Research & Insights); a data business powered by databases on companies and credit (Data & Information), and three cloud-based subscription businesses serving banking, insurance and KYC workflows (Decision Solutions). Its MIS segment is a global provider of credit ratings, research, and risk analysis. It publishes credit ratings and provides assessment services on a wide range of debt obligations, programs and facilities, and the entities that issue such obligations in markets worldwide, including various corporate, financial institution and governmental obligations, and structured finance securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.