Tuesday, August 6, 2013

Are Moody's and S&P Growing Apart?

Leading up to the November 2012 announcement that McGraw Hill would sell its education division – and become more of a rating agency/financial institution like Moody's Corp. – the two companies' stocks moved in tandem, with a correlation of over 90%. Since then, the correlation has gone way down, into the 70-80% region.

No comments: