Moody's (MCO) Expands In The Philippines, Is The Stock Fully Valued?

Moody's PhilRatings deal puts Asia-Pacific expansion in focus Moody's (MCO) has agreed to acquire a minority stake in Philippine Rating Services Corporation, giving the US group a deeper foothold in the Philippines credit market and broadening its Asia-Pacific affiliate network. Set against this PhilRatings move, Moody's shares trade at US$477.93. The 90 day share price return is up 2.03%, but the year to date share price return is down 4.22%. The 3 year total shareholder return of 42.60%...