Moody's Investor Service

Beginning in 1909, John Moody developed and published a simple system of letter grades which indicated the relative investment quality of corporate bonds. Today, Moody‘s Investor service rates thousands of issues of corporate and municipal bonds, commercial paper, short-term municipal notes, and preferred stock. these security ratings are reported in Moody‘s Bond Record, which is published monthly. In addition to assigning issue ratings, Moody‘s also notes for its subscribers the essential terms on each security issue; dates when interest, principal, or dividend payments are due; call provisions (if any); regulation status; bid and asked price quotations; yield to maturity; tax status; coverage; and amount of securities outstanding.