| Moody’s Investment Grade, Monument, Montreal Exchange/Bourse De Montréal | |
| Moonlighting, Moot Point, Moral Hazard |
Investment advisory service that publishes financial manuals analyzing corporate securities that are sold to the public. Moody's also rates the investment quality of commercial paper, and bonds and short-term tax-exempt notes issued by states and municipalities.
Moody's Investment Grade ratings assigned to municipal notes range from MIG1 (best quality) to MIG4 (adequate quality); all four are considered investment quality securities for banks. Moody's ratings on corporate bonds and preferred stocks, plus certain common stocks, are graded from Aaa (highest quality) to Caa (lowest quality). Securities rated Baa or better are considered investment quality.