Why is Moody’s Default & Recovery Database The Best Tool For Determining Probability of Default?
Moody's Default & Recovery Database (DRD) is directly tied to the heart of business of Moody's Investors Service, ensuring that the firm's ratings accurately reflect expected risk. Moody’s has a team of professionals dedicated to making sure that our ratings process applies consistent standards to the ever-advancing market. This team works directly with the data in DRD to find innovative ways to refine Moody’s ratings. As these professionals require a high degree of accuracy, they look to continually improve the quality of the DRD data. With Moody’s DRD, clients have a window into the same data used by the experts who set Moody’s ratings standards.