Moody's Should See Boost from Strong Debt Issuance Year -- Market Talk

Dow Jones01-06

1323 ET - A number of factors suggest that 2026 will bring significant debt issuance, supporting outperformance for Moody's, say Stifel analysts who upgrade the stock to buy from hold and raise their price target to $574 from $471. Interest rates are coming down while credit spends are narrowing, which tends to stimulate debt issuance. Additionally, a backlog of companies waiting to IPO, which leads to debt stack redos, has been building and M&A is growing. Moody's also recently saw a material increase in quarterly revenue in its ratings assessment service, which is usually a precursor to future debt issuance, the analysts say. Meanwhile, AI poses little threat to Moody's, which uses proprietary data and analytics, the analysts say.(nicholas.miller@wsj.com)

(END) Dow Jones Newswires

January 05, 2026 13:23 ET (18:23 GMT)

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