Category Archives: [MCO] Moody’s Corp


[SPGI, MCO] Market infrastructure: part 2

Banks, regulators, and fixed income investors rely on Moody’s and S&P to provide a consistent and standardized metric of credit risk across names and over time.  As I explained in The Self-Reinforcing Standards Moat: …ratings underpin the risk weightings that banks attach to assets to determine capital requirements, dictate which securities a money market fund […]

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[MCO – Moody’s] The Self-Reinforcing Standards Moat

Moody’s is a Nationally Recognized Statistical Rating Organizations (NRSROs), a title bestowed by the SEC on a handful of credit rating agencies, the top 3 of whom act as an oligopoly in the US debt ratings gambit.  As you well know, Moody’s (and S&P and Fitch) fell into disrepute during the last financial crisis when […]