According to the public information disclosed by Moody's, the initial rating process of corporate bonds usually includes the following procedures. The initial rating meeting for the first rating is usually held at Moody's headquarters, and the time varies from half a day to one day. Moody's may also conduct field trips. The topics discussed include the company's debt structure, financial situation and the source of liquidity. After the meeting, Moody's analysts will continue to analyze and usually further discuss with the issuer to obtain and confirm the follow-up information.
After the analysis, Moody's analysts will make rating suggestions to Moody's rating committee, which acts as a gatekeeper. When rating an institution for the first time, the responsible analyst will hold a rating committee meeting after completing all the analysis. The factors discussed at the meeting include the scale of debt issuance, the complexity of credit and the introduction of new tools.
company profile
Moody's mainly refers to Moody's investment grade or Moody's investment service company, headquartered in Manhattan, new york, which was originally founded by John Moody at 1900. Moody's Investment Services used to be Dun&; Bradstreet) subsidiary, 200 1 Dunbar Company and Moody's Company split up and became independent listed companies respectively.
The founder of Moody's Company is John Moody, who initiated the credit rating of railway bonds at 1909. In 19 13, Moody's began to credit-rate public utility and industrial bonds. Moody's has 800 analysts and more than 65,438+0,700 assistant analysts worldwide, and has offices in 65,438+07 countries. Its shares are listed and traded on the new york Stock Exchange (code MCO).
Reference to the above content: Baidu Encyclopedia-Moody's