AllAnalyst Report
logoMorningstarNovember 05, 2020

Moody's Corporation: Moody's Credit Rating Agency Is the Source of Its Wide Moat

Symbols
MCO
Sector(s)
Financial Services
Rating
Current Price
$376.97
Fair Value
Economic Moat
Stewardship
Summary

Moody's is the world's second-largest provider of credit ratings, trailing only S&P Global. The company provides ratings on more than a third of the total bond ratings in existence. Within ratings, roughly half of its revenue is derived from corporate issuers, while the rest of its corporate ratings are split among financial institutions, structured products, and public institutions. Moody's Analytics (13.5% of operating income) provides ancillary software and data solutions

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Analyst Profile

Rajiv Bhatia

Equity Analyst
Rajiv Bhatia is an equity analyst on the financials team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. His areas of focus include custody banks, credit bureaus, and life insurers.Before joining Morningstar in 2019, Bhatia spent four years analyzing financial technology stocks for clients at Raymond James.Bhatia holds a bachelor's degree in applied mathematics and economics from Northwestern University as well as a master's degree in finance from Washington University in Saint Louis. He also holds the Chartered Financial Analyst® designation.