What a year it's been: Inflation is at its highest level in over 40 years , and the Federal Reserve is fighting it with aggressive rate increases from a near-zero level.
The Fed's actions had widespread ramifications. One area highly impacted is corporate lending. With rising interest rates, companies are less willing to take loans. Not only that, but investor appetite for risk dried up until we get a better idea of where interest rates will ultimately end up.
With corporate debt issuance down, rating agency Moody's (NYSE: MCO) is faced with one big question: Can its business weather this downturn?
For further details see:
Investors Have 1 Big Question for Moody's