Via Dow Jones:
At an investor conference, an executive at Moody’s Investors Service said that the agency hired an external firm to investigate the error in CPDO analysis “to help facilitate the process and put this past us.” The agency emphasized the importance of having a comprehensive review, and the ability to communicate exactly what happened to regulators who are also looking into the matter.
Article Series - CPDO rating error
- FT Alphaville exclusive: Moody’s error gave top ratings to debt products
- Moody's statement to the FT
- A CPDO rating explainer
- CPDOs' triple A failure
- Moody's Confirms External Review of European CPDO Rating Process (Statement)
- Buffett doesn't blink
- US senator Schumer's letter to Cox
- Moody's linkfest
- Moody's on ratings watch negative
- Moody's CEO makes statement
- Moody's hopes to put CPDO errors behind it
- Cox responds to Schumer
- S&P admits modelling flaw
- Moody's ousts structured finance head, admits breaches to code of conduct
- Moody's receives an unwelcome (Wells) notice
- Moody's misses the Monday melt up