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3 Big Moat Rating Changes From 2014

Competitive advantages have improved for Mead Johnson, while De La Rue's moat was downgraded to narrow and POSCO was deemed a no-moat company.

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An earlier version of this video inaccurately reported that Illumina had been upgraded from narrow to wide moat. It had been upgraded from none to narrow.

Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. I'm here with Elizabeth Collins. She is our director of equity research for North America. We're going to look at some prominent moat rating changes that occurred last year.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.