MOODY\' S

Moody' S Corporation is the holding of Moody' S Investors Service , company active in the financial analysis of business enterprises or governmental bodies. Moody' S is also known for its standardized notations large companies according to the risk and value of the investment. It has 40% of market shares in the field of the estimate of credit on a world level.

Moody' S.A. be founded in 1909 by John Moody.

Notation Moody' S

The notation is an appreciation of Moody' S on the will and the capacity of a transmitter to ensure the specific payment of engagements of an evidence of indebtedness, such as an obligation, throughout the lifespan of this one. The scale of notation, which goes from a maximum of Aaa to a minimum of C, is composed of 21 notches and two categories: the category of investment and the speculative category. The lowest notation of the category of investment is Baa3. The highest notation of the speculative category is Ba1.

Notation of long-term Debt (maturities equivalent to one year or more)

Category investment

Aaa - values of very first order (“gilt edged”)
Aa1, Aa2, Aa3 - high fork (“high-rank”)
A1, A2, A3 - intermediate notation (“upper-medium rank”)
Baa1, Baa2, Baa3 - low fork (“medium rank”). Can comprise certain speculative characteristics.

speculative Category (see also: Junk jump)

Ba1, Ba2, Ba3 - elements known as speculative
B1, B2, B3 - absence of desirable characteristics of investment
Caa1, Caa2, Caa3 - obligations of very bad quality
Ca - highly speculative
C - the lowest notation. Extremely weak prospects to reach a level favourable with the investment.

Notation of Current liability (maturities lower than one year)

Premium-1 - high fork
Premium-2 - intermediate notation
Premium-3 - low fork
Not Precedes - Can be regarded as pertaining to the speculative category

See too

Standard & Poor' S
Fitch Ratings
Nationally Recognized Statistical Rating Organizations

External bonds

Moody' S

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