Equity Research Moodys Initiation Report

Moody’s Corporation (“Moody’s” or “the company”) is a major provider of credit ratings, as well as of a range of risk management products and services.

The credit ratings industry has found itself in the spotlight lately because it rated a large volume of mortgage-backed debt as investment-grade. The debt subsequently proved to be of much greater risk than the rating suggested. In addition, Moody’s itself came under fire for failing to correct an erroneous ratings model and thus knowingly