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Moody's: An Impenetrable Moat? (Ticker: MCO) with Joe Kowaleski

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The History of Moody's Bond Ratings

Moody's is older than the SEC, but the two have really been sort of intertwined throughout their whole history. John Moody, the founder of Moody's was the pioneer really of bond ratings. And by the time he got to the 1920s, Moody's was rating all sorts of everything and every type of bond. Since the 1970s, since the ratings business hasn't changed.

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