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