US Court rules the three major credit rating agencies may continue to lie, mislead & cheat investors by assigning false ratings, and helping investment firms to structure transactions that gain ‘AAA’ status. The rating agencies ‘opinions’ are protected under First Amendment protections as free speech. This ruling is a set-back to individual investors & ordinary working Americans everywhere.
Yet another fund client sues investment firm Morgan Stanley over $1.2 billion losses due to high-risk CDO derivative products.
“Tight credit markets and the global economic downturn are rapidly swelling the population of U.S. companies with high default risk and weak liquidity. The Bottom Rung, a new Moody’s database and quarterly publication, captures and comments on these low-rated companies.” March 10th marked the inaugural debut of Moody’s newest ratings publication by its Global […]