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Morningstar's 100+ equity analysts already cover more than 2,000 companies. Now, in addition to their normal analysis and research, Morningstar analysts will be taking the next step and providing credit ratings. They'll start slowly at first with just 100 companies, eventually growing to 1,000.
It's not a huge logical leap to see Morningstar going after the big three credit rating agencies -- Moody's
Great move, Morningstar.
Anyone disagree? Let me know in the comments section below.
Moody's and Morningstar are Motley Fool Stock Advisor picks. Moody's is a Motley Fool Inside Value recommendation. The Fool owns shares of Morningstar. Motley Fool Options has recommended selling puts on Moody's. The Fool has a disclosure policy.
Anand Chokkavelu does not own shares of any stock mentioned in this article. He is a big fan of Morningstar's research and business model. You can follow him on Twitter. The Fool has a disclosure policy.