Rating GRIs: Moody's fights back
Michel Madelain, group managing director of Moody's in New York, responds to analysts' concerns over the new methodology for rating government-related issuers
Michel Madelain
Moody's
What are the benefits of the new methodology?
Moody's ratings are opinions about relative credit risk. A key objective is to stabilise the credit risk content of each rating category across sectors and regions. Indeed, consistency in default outcomes by rating category is an important internal measure of our performance. While many entities we rate exhibit weak financial fundamentals, their
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