StockTwits
07-21-2010, 08:11 PM
Moody’s, S&P and the Great Credit Rating “Wimp Out” - Deal Journal - WSJ (http://abnormalreturns.com/links/175206/visit) (blogs.wsj.com)
by WSJDealJournal about 3 hours ago
Maybe the consequences were intended. But we doubt it. Just look at the stunning story in the WSJ by Anusha Shrivastava. She reports that the three biggest credit raters, Standard & Poor’s, Moody’s Investors Service and Fitch Ratings are refusing to allow their ratings to be used on new bond deals for fear of being exposed to legal liability via the just enacted financial-overhaul bill.
see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/22/2010#175206)
by WSJDealJournal about 3 hours ago
Maybe the consequences were intended. But we doubt it. Just look at the stunning story in the WSJ by Anusha Shrivastava. She reports that the three biggest credit raters, Standard & Poor’s, Moody’s Investors Service and Fitch Ratings are refusing to allow their ratings to be used on new bond deals for fear of being exposed to legal liability via the just enacted financial-overhaul bill.
see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/22/2010#175206)