Investing to Wealth

As someone who focuses on equities for a living I usually don't spend much time thinking about the rating agencies. I recently took a look at them with the thought that they might be beaten up enough to merit a discounted purchase. Indeed Moody’s (MCO) certainly looks cheap if you believe in the viability of its business model. It's that viability however that offers the rub. Moody’s and the other rating agencies (Standard & Poor’s Fitch etc.) enjoy a special status in the financial world. The majority of capital available to invest in our marketplace is restricted as to ...