Moody's Corp., a provider of credit ratings and financial analytics, on Wednesday affirmed its full-year earnings outlook despite expectations for continued weakness in the credit markets through the remainder of the year.
Moody's (nyse: MCO - news - people ) expects 2008 earnings to range from $1.90 to $2.00 per share.
Analysts surveyed by Thomson Financial, on average, forecast earnings of $1.92 per share for the full year.
The affirmation is based on "recurring revenue from the ratings business and good growth from Moody's Analytics, together with ongoing cost management efforts," Raymond McDaniel, the company's chairman and chief executive, said in a statement.
