Moody's Investors Services (Moody's) is a global rating agency operating in all market segments. Moody's operates under the issuer-pays model.

Registration status in the EU: Moody’s is registered with ESMA since October 31st, 2011. It has registered 6 legal units in Europe and operates additional offices in the EU.

Moody’s is recognized ECAI in all EU countries. On November 1st, 2016, the following mapping of ECAI ratings to the 6 Credit Quality Steps under the Standardized approach for Banks (Capital Requirements Regulation, CRR) and the 7 Steps under Solvency II for insurances in the EU entered into force:

Note that additional rating scales may have been mapped. To view all mappings, login with your account and read the “RP Research” on this agency. To see how this agency’s mapping compares with other agencies, please read our dedicated page on the EU ECAIs.

Moody’s is also a source for the ECB’s ECAF system.

Registration outside of the EU:

Countries endorsable:  Moody’s has registered legal units in Argentina, Australia, Brazil, Canada, Dubai, Hong Kong, Japan and Singapore.

Further countries:  Moody’s is also registered or recognized in Bolivia, New Zealand, Russia Switzerland, Taiwan, Turkey and Ukraine. Affiliated companies include Equilibrium (registered in Panama, Peru and El Salvador), ICRA (India, Indonesia, Nepal, Sri Lanka), Korea Investors Services (South Korea), Midroog (Israel) and Meris (Egypt).

Moody’s is further recognized as an Credit Rating Provider under the US NAIC rules, as ECAI and as an source for national banks in several jurisdictions.

Business model: Moody’s operates under the issuer-pays model.

Coverage: Moody’s covers all market segments on a global basis.

Availability of ratings and reports at website: while Moody’s operates under the issuer-pays model, the ratings and reports are not freely available at Moody’s website. You will need to register an account to view more information. In order to view rating reports, you will most probably need to buy a subscription.