$23.54
-0.01 (-0.04%)
Moody's Corp (MCO)
CAPS Rating:
A provider of credit ratings, research & analysis covering fixed-income securities, other debt instruments & quantitative credit risk assessment products & services & credit processing software for banks, corporations & investors in credit-sensitive asset
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MCO has been punished for not recognizing the derivative business and the subprime mortgage "packaging". Or maybe there is some other reason for large drop in share price. There are still only three rating companies and issuance of bonds and other debt will continue to require "objective' ratings which will be furnished by somebody. MCO has the best or at least one of the best franchises for this business and should regain its emminence and share price within a few years. Best for longer term investors.