Investors in Moody's (MCO) have had a great year, despite ongoing criticism that credit rating agencies did not do enough to stop the financial crisis.
Shares of Moody's rose sharply in the first half the year, after the company posted a 47% increase in profits that topped analysts forecast, as well as raising its full-year guidance. The company also hiked its dividend by 22% to 14 cents a share.
Moody's earnings have been bolstered by the bond market's recovery in the past year. Typically each large bond issuer, such as states, cities or major corporations, will get their credit rating reviewed by the big three credit agencies -- Moody's, Standard & Poor's and Fitch. Corporate debt is at near-record levels and muni bonds, which took a hit earlier this year, have returned to popularity in the past couple months.
The market has had its struggles in the first half of the year, but these 10 stocks are really making a stink. From RadioShack to AIG, here are the biggest losers so far in 2011. More
|U.S.: Wells Fargo illegally repossessed 413 service members' cars|
|Home Depot pulls Scary Peeper Creeper from stores in Canada after complaints|
|Ferrari reveals fastest convertible ever, and a super-fast family car|
|Wells Fargo worker retaliation claims rile up Congress|
|Deutsche Bank shares plunge to new low on fears about its health|