The first rating agency in the world was created by Mr. John Moody, in the U.S. In 1909.

世界上第一家信用评级机构,是约翰·穆迪先生,于1909年在美国创办的

耶鲁公开课 - 金融市场课程节选

You say, oh oh, this is bad news, if this is the only--if only one rating agency does that, okay, but--and it's only AMBAC that's been down-rated, but you starting wondering.

你会说,这是个坏消息,如果只是一家评级机构下降了评级,而且只有安巴克一家被降级,那还好,不过你开始担忧了

耶鲁公开课 - 金融市场课程节选

The idea was that the --so he set up Moody's Rating Agency and the job of Moody's was to give letter grades to securities; it was a little bit like a bank, but it was different because he didn't actually make the loans.

主旨是... 因此他成立了穆迪评级机构,穆迪的工作就是用字母给证券评级,这有点像银行,但还是有区别,因为他并不发放贷款

耶鲁公开课 - 金融市场课程节选