Wednesday, December 5, 2007

Who Needs the Rating Agencies?-2

"Moody's Investment Service ... said it downgraded or put on review debt totalling $119 billion that was issued by structured investment vehicles. ... Moody's said it had downgraded or put on review for a possible downgrade debt totalling $64.9 billion that was issued by Citigroup SIVs", WSJ, 1 December.

Thanks guys. Where have you been until now?

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