A Modern Credit Rating Agency The Story Of Moody’S | Business

This book aims to present a picture of one of the world’s leading credit rating agencies. Credited as being the first credit rating agency Moody’s stands as the epitome of the rating sector and all that it effects. However outside of internal and non-public histories compiled within the rating agency itself the story of Moody’s has never been told until now. However this is not a historical book. Rather this book paints a picture of Moody’s on a wider canvas that introduces the concept of rating to you taking into account the origins of the sector the competitive battles that formed the modern-day oligopoly and the characters that have each taken their turn on sculpting the industry that today is critical to the modern economy. The book is a story of personable people who provided the market with what it needed but it is more than that. It is a story of conflict impact strategy and most of all the relationship between big business and modern society. Standing as the gatekeeper to the capital markets that form the core of modern society Moody’s represents the very best of what the marketplace can produce but also the very worst. This story takes in economic crises in the antebellum US the Panics of the early 1900s the Wall Street Crash and the Great Depression and of course the Global Financial Crisis. It does this because at the heart of each one was a member of the rating industry or the reporting industry that preceded it. Associated with almost any financial scandal you may care to remember the credit rating agencies in their often-uncomfortable role as gatekeepers have their fingerprints on most financial scandals and calamities. This book tells the story of the industry’s founding member. |A Modern Credit Rating Agency The Story of Moody’s | Business