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[CPDO rating error] Moody’s hopes to put CPDO errors behind it

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.

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Comments

  1. Jun 07   16:37 Posted by tom a taxpayer [report]

    Outrageous! Moody’s directing an investigation of itself. What is needed is an SEC investigation and a federal and state prosecutor investigation of Moody’s CPDO rating failure and cover-up.

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