Please enjoy this sample article from our Insights service. If you are an Outsell client, log in now to access all Insights articles. If you are not a client, click on the link below to try a 30-day subscription at no charge, or click on Purchase link below to sign up for a one-year subscription.
 |
|
 |
|
|
Insights Analysis of events, data, and trendsaffecting the information industry. |
Following months of agony emanating from sagging sales and defending its reputation, Moody's problems have turn even more toxic. The Financial Times reported that Moody's had assigned incorrect triple-A ratings to Constant Proportion Debt Obligations (CPDOs) due to a computer bug. Worse still, Moody's staff discovered the error in early 2007 and did not downgrade the ratings until early 2008. Moody's stock plummeted more than 15% after the FT reported the story on May 21st. Returning Members: Sign in using your existing account |
|||
