Moody's departs from Canary Wharf offices - reports

Joins firms leaving finance hub

Moody’s rating agency is set to depart from its Canary Wharf residence in favour of a new London location, as it joins in the exodus of firms relocating from London’s finance hub.

According to reports in the FT, Moody's is not planning to renew its lease at One Canada Square and will instead move to 10 Gresham Street, near St Paul's Cathedral, once its current tenancy runs out in 2026. Moody's downgrades China sovereign credit outlook to negative Moody's has been based in Canary Wharf for 15 years, and its relocation forms part of a longer-term trend the City has seen of companies electing to relocate. Last year, HSBC said it would leave the docklands area for a new office in the City. The bank's headquarters have been located in a 42-storey tower since 2002...