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Fly News Breaks for October 9, 2018
SPGI, MCO
Oct 9, 2018 | 07:54 EDT
UBS analyst Alex Kramm adjusted his estimates for the rating agencies ahead of Q3 results but still remains below Street expectations for both Moody's (MCO) and S&P Global (SPGI). He likes the setup for better refi activity in 2019, but he expects continued choppiness in the near-term on the back of rising rates and volatility.