Moody and Bond Rating
Moody's was later merged into Dun & Bradstreet, only to again become an independent corporation in October 2000. Moody's status is reflected in Thomas Friedman's 1996 comment that
- There are two superpowers in the world today in my opinion. There's the United States and there's Moody's Bond Rating Service. The United States can destroy you by dropping bombs, and Moody's can destroy you by downgrading your bonds. And believe me, it's not clear sometimes who's more powerful. (From Feb. 13, 1996 interview with Jim Lehrer.)
In 2007, Moody's Corporation was split into two operating divisions, Moody's Investors Service, the rating agency, and Moody's Analytics, with all of its other products.
Read more about this topic: John Moody (financial Analyst)
Famous quotes containing the words moody and/or bond:
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The country’s singing strength thus brought together,
That though repressed and moody with the weather
Was nonetheless there ready to be freed
And sing the wild flowers up from root and seed.”
—Robert Frost (1874–1963)
“The bond between a man and his profession is similar to that which ties him to his country; it is just as complex, often ambivalent, and in general it is understood completely only when it is broken: by exile or emigration in the case of one’s country, by retirement in the case of a trade or profession.”
—Primo Levi (1919–1987)