Little has changed in world of bond ratings, even after Dodd-Frank was supposed to shake it up....

|By:, SA News Editor

Little has changed in world of bond ratings, even after Dodd-Frank was supposed to shake it up. Moody's (MCO), S&P (MHP), and Ftich still dominate the business (98% of the municipal market vs. 94% in 2007) and have plenty of pricing power. "We don't look to compete on price," says Moody's. No wonder Warren Buffett likes it.