Ratings agency Moody’s says the outlook for the global broking sector remains stable, with turbulent economic conditions tempered by rate rises.

In a new report on broking, Moody’s says that expectations for a modest global economic recovery in 2012/13 further strengthen the outlook for the sector.

“Rate increases, along with the gradual economic recovery, should support single-digit organic revenue growth for brokers over the next couple of years,” according to Ben Goldberg, Moody’s Associate Analyst and co-author of the report.

Most Moody’s-rated brokers are active consolidators, and while Moody’s says the sector “remains ripe for further consolidation”, it lists integration risks associated with acquisitions and the approaching debt maturities of some of the more leveraged firms as risks to the credit strength of the sector.