S&P Global and Moody's Have Rated Debt for More Than 100 Years. Here's Why That Moat Still Holds.
The two credit-rating giants remain resilient, evergreen investments.
Overview
S&P Global (NYSE: SPGI) and Moody's (NYSE: MCO), two of the world's largest aggregators of financial data, have both rated debt for over a century. Poor's Publishing, which eventually merged with Standard Statistics to become S&P, sold its first bond ratings in 1916. Moody's launched its modern bond ratings business in 1909.
Today, S&P Global and Moody's both provide a much broader range of financial data, analytics, and credit rating services. However, both companies still typically generate more than 30% of their revenue from their industry-leading credit rating services. Let's see how those legacy businesses maintain their moats -- and how they support their other businesses.
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Originally published at www.fool.com.