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:
“A moody child and wildly wise
Pursued the game with joyful eyes,
Which chose, like meteors, their way,
And rived the dark with private ray.”
—Ralph Waldo Emerson (1803–1882)
“Man’s characteristic privilege is that the bond he accepts is not physical but moral; that is, social. He is governed not by a material environment brutally imposed on him, but by a conscience superior to his own, the superiority of which he feels. Because the greater, better part of his existence transcends the body, he escapes the body’s yoke, but is subject to that of society.”
—Emile Durkheim (1858–1917)