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Moody's Raises Outlook, Cites Bond Issuance Strength

Moody's raised its 2010 outlook, citing strong fourth-quarter bond market issuance benefiting Moody's Investors Service, and accelerated completion of software projects for Moody's Analytics customers.

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The credit ratings company expects full-year earnings per share in the range of $2.08-$2.14, compared with its previous view of $1.90-$1.96.

Revenue in 2010 is seen to rise by about 13 percent versus 2009, and operating margin is expected to remain in the high-thirties percent range, New York-based Moody's said.

Analysts on average are looking for a profit of $1.91 a share, before items, on revenue of $1.97 billion, according to Thomson Reuters I/B/E/S.

Moody's shares have risen about 3 percent since the company reported its third-quarter results in October.