Moody’s moves Morgan Stanley view to positive

Moody’s Investors Service changed the outlook for Morgan Stanley and its subsidiaries to positive from stable.

“Moody’s said the change to a positive outlook reflects Morgan Stanley’s broadly consistent strategy and strong financial performance, including its trend of improved profitability and favorable capital and liquidity positions,” the agency said in a press release.

Moody’s also affirmed the ratings for the company and its subsidiaries: Morgan Stanley Europe SE (MSESE, A1 issuer), Morgan Stanley Capital Group Inc. (MSCGI, A1 issuer), Morgan Stanley Capital Services LLC (MSCS, A1 issuer), Morgan Stanley & Co. International plc (MSIP, A1 issuer), and Morgan Stanley Finance LLC (MSFL, A3 issuer).

“Morgan Stanley’s credit profile is supported by its adherence to broadly consistent strategic objectives and financial goals during the past several years under the stewardship of a long-tenured senior leadership team. It has maintained its competitive strength among the leaders in global capital markets activities and has enlarged and strengthened its wealth management business, notably by improving this unit’s pretax margin to 28% in the nine months ended September 2019 from 20% in 2014,” Moody’s said.

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