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[CPDO rating error] Buffett doesn’t blink

Posted by Stacy-Marie Ishmael on May 21 21:21.

Even as Moody’s shares were being hammered in New York trading, The Sage of Omaha seemed unmoved by his attendant paper loss of $250m or so.

Said Warren, whose Berkshire Hathaway owns a 19.6 per cent stake in Moody’s, at a Madrid news conference:

I would doubt very much that any events of any one day will permanently change the franchise value of Moody’s

Related links:

Is is finally time for Warren Buffett to take Moody’s over his knee and give it a good spanking? – 1440 Wall Street

Moody’s Falls Most Ever After Ratings Error Probe – Bloomberg

Article Series - CPDO rating error

  1. FT Alphaville exclusive: Moody’s error gave top ratings to debt products
  2. Moody's statement to the FT
  3. A CPDO rating explainer
  4. CPDOs' triple A failure
  5. Moody's Confirms External Review of European CPDO Rating Process (Statement)
  6. Buffett doesn't blink
  7. US senator Schumer's letter to Cox
  8. Moody's linkfest
  9. Moody's on ratings watch negative
  10. Moody's CEO makes statement
  11. Moody's hopes to put CPDO errors behind it
  12. Cox responds to Schumer
  13. S&P admits modelling flaw
  14. Moody's ousts structured finance head, admits breaches to code of conduct
  15. Moody's receives an unwelcome (Wells) notice
  16. Moody's misses the Monday melt up

This entry was posted by Stacy-Marie Ishmael on Wednesday, May 21st, 2008 at 21:21 and is filed under Capital markets, People. Tagged with , . Edit this entry.

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