Tuesday, August 31st, 2010
Moody’s Corp. chose not to downgrade inflated ratings on almost $1 billion of debt in 2007 out of concern for the company’s reputation, according to U.S. regulators who said they weren’t sure they had authority to sue.
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Monday, July 26th, 2010
India’s local-currency credit rating was raised one level by Moody’s Investors Service as declining government debt and accelerating economic growth helps the nation withstand Europe’s sovereign debt crisis.
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Friday, June 18th, 2010
BP Plc’s credit rating was cut three levels by Moody’s Investors Service on concern that costs from cleaning up the Gulf of Mexico oil spill and meeting legal liabilities may be higher than previously expected.
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Thursday, June 3rd, 2010
BP Plc had its credit ratings cut by Moody’s Investors Service and Fitch Ratings on concern that the cost of cleaning up the Gulf of Mexico oil spill will hurt the company’s balance sheet.
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Wednesday, June 2nd, 2010
Warren Buffett, whose Berkshire Hathaway Inc. is the largest shareholder in Moody’s Corp., said the ratings firm’s CEO shouldn’t be singled out for blame over mortgage ratings
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