The parent of ratings agency Moody's has revealed it will make a first quarter 2002 gain of $13.6m (£8.5m) from insurance payments related to the 11 September attacks.

The parent of ratings agency Moody's has revealed it will make a first quarter 2002 gain of $13.6m (£8.5m) from insurance payments related to the 11 September attacks.

The US company said it received a $15.9m (£10.1m) payment for costs and lost profits related to the attacks.

Moody's also said it expects a full-year of share earnings growth at a "low double-digit percentage rate" from a year ago.

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