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$MHFI's revenue from S&P Rating services declined 3% to $587MM in 3Q15 from last year, on lower global bond issuance and unfavorable FX rates, while revenue from S&P Capital IQ and SNL grew 14% to $356MM. Revenue from S&P Dow Jones Indices rose 9% to $156MM and that from commodities and commercial markets increased 9% to $248MM.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.