Moody’s Getting No Respect as Bonds Shun 56% of Country Ratings

Moody’s Getting No Respect as Bonds Shun 56% of Country Ratings

Scott Eells/Bloomberg

Moody’s, which helped start the business of ranking companies by their ability to repay debt in 1909, has downgraded 6.4 government ratings for every upgrade this year in the U.S. and Europe, the highest ratio since at least 2002, Bloomberg data show.