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’[CPDO rating error] FT Alphaville exclusive: Moody’s error gave top ratings to debt products
Moody’s awarded incorrect triple A ratings to billions of dollars worth of a type of complex debt product due to a bug in its computer models, an Financial Times investigation has discovered.
Internal Moody’s documents seen by the FT show that some senior staff within the credit agency knew early in 2007 that products rated the previous year had received top-notch triple A ratings and that,
Moody’s errs in rating debt products
Moody’s incorrectly awarded triple-A ratings to billions of dollars worth of a type of complex debt product due to a bug in its computer models, an FT investigation has discovered. Internal Moody’s documents show that some senior staff within the credit agency knew early in 2007 that products rated the previous year had received top-notch triple A ratings and that,