Information Technology Projects Course
Professor Arthur Goldberg
says on their web
page, "Moody’s Investors Service is among the world’s most
respected, widely utilized sources for credit ratings, research and
analysis. The firm publishes market-leading credit opinions, deal
research and commentary that reach more than 3,000 institutions and
20,000 subscribers around the globe.
include a wide range of corporate and governmental issuers of
securities as well as institutional investors, depositors, creditors,
investment banks, commercial banks, and other financial intermediaries.
Corporation (NYSE:MCO) comprises two subsidiaries: Moody’s Investors
Service and Moody’s KMV. The corporation had reported revenue of $1.0
billion in 2002. The corporation employs approximately 2,100 people
worldwide and maintains offices in 18 countries."
Systems Development is one of four groups within Moody’s Information
Technology department. Its primary focus is the development of new
software applications for both internal and external products, from
customizing ERP solutions such as PeopleSoft to in-house development
such as moodys.com.
Proposal: Prototype a Billing Modeling Engine
companies, Moody's revenue is essentially given by quantity of sales
times price. Basically, Moody's quantity of sales depends on the
overall need for bond ratings which is determined by the 'issuance', or
the number of bonds being issued in the financial marketplace, and
Moody's marketshare. Moody's is the market leader, but it
with S&P and Fitch.
Moody's prices are set by Moody's. Moody's prices it rating
services in many ways, including such examples as a flat annual amount
for a customer, a fee that depends on offering size, etc. The
relationships between price and marketshare are not widely known,
although some experts in Moody's may be able to estimate them.
Because Moody's prices in many ways there are many such relationships.
The goal of this project is to design and prototype a system that will
estimate Moody's total billings, as a function of Moody's
A significant part of the project will involve considering what forms
of models should be incorporated in the Billing Modeling Engine.
Possible forms include rule-based models, analytical models and
The platform for this project remains to be decided. Possible
choices include .NET (from Microsoft); Hyperion's Planning, which is a
multi-dimensional analytic engine that can be customized; and possibly
99 Church Street
New York, NY 10007
Company Web site
Vice-President Systems Development Group, Eric.Horgan@moodys.com,
Kline, Project Manager of the Multi-dimensional
Analysis Project in the Financial Systems
Group, David.Kline@moodys.com, 212 553-7446
outside business hours would
be possible. David is "pretty
easy going". He generally avoids working a lot on weekends, but he
lives in Manhattan, so in general, he can be available for scheduled
after hours meetings.
Resources that will be made available to students
necessary software tools and data. Access to Moody's experts.