John Moody (financial analyst)

John Moody

1903
Born (1868-05-02)May 2, 1868
Jersey City, New Jersey, U.S.
Died February 16, 1958(1958-02-16) (aged 89)
Los Angeles, California, U.S.
Nationality United States
Occupation Financial analyst, businessman, investor
Known for Founder of Moody's

John Moody (May 2, 1868 – February 16, 1958)[1] was an American financial analyst, businessman and investor. He pioneered the rating of bonds and founded Moody's Investors Service. Moody's Manuals are still issued, carrying on the tradition begun by Moody's Manual of Railroads and Corporation Securities and continued by the annual Moody's Analyses of Investments.

Moody and bond rating

Moody's was later merged into Dun & Bradstreet, only to again become an independent corporation in October 2000. Moody's status is reflected in Thomas Friedman's 1996 comment: that

There are two superpowers in the world today in my opinion. There's the United States and there's Moody's Bond Rating Service. The United States can destroy you by dropping bombs, and Moody's can destroy you by downgrading your bonds. And believe me, it's not clear sometimes who's more powerful. (February 13, 1996 interview with Jim Lehrer)

In 2007, Moody's Corporation was split into two operating divisions, Moody's Investors Service, the rating agency, and Moody's Analytics, with all of its other services.[2]

Honors

Moody was a convert to Roman Catholicism after being raised a self-described Low Church Protestant Episcopalian, then a Broad Church Episcopalian. He received an honorary Doctor of Laws from Boston College, and was made Knight Commander of the Order of the Holy Sepulchre of Jerusalem by Pope Pius XI.

Family

Moody was the son of William Francis Moody (1834-1919) and his wife Sarah Jane, née Nichols (1839-1897). He was one of five children. He was married to Anna Mulford Addison (1877, Nice, France – 1965); their sons were UCLA philosopher and medievalist, Ernest Addison Moody (1903-1975) and John Edmund Moody (1900-1926), who died of typhoid fever in Messina, Sicily.

Works

References

  1. ↑ "John Moody" (PDF). The Successful American. The Writers Press Association. VII (3): 172. March 1903.
  2. ↑ "Moody’s Corporation Announces New Business Unit Structure" at allbusiness.com, August 7, 2007
Wikimedia Commons has media related to John Moody (financial analyst).
This article is issued from Wikipedia - version of the 9/30/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.