not a downgrade but would have been funny. "U.S. securities regulators are weighing civil fraud charges against some credit-rating companies for their role in developing the mortgage-bond deals that helped unleash the financial crisis, The Wall Street Journal reported, citing people familiar with the matter. The Securities and Exchange Commission is looking closely at the conduct of Standard & Poor's, a unit of McGraw-Hill Cos. (MHP, $40.24, -$0.84, -2.04%). People familiar with the matter said the agency is also reviewing the role played by Moody's Investors Service, owned by Moody's Corp. (MCO, $36.25, -$2.02, -5.28%), in relation to at least two mortgage-bond deals."
Moral of the story If you fuck with the United States of America, the United States of America will fuck with you. I bet we never hear another word from Moody's regarding U. S. Credit Ratings unless it's to reaffirm AAA.
Moody's says may cut Italy's credit rating Reuters - 42 minutes ago By Daniel Bases NEW YORK (Reuters) - Moody's Investors Service on Friday said it may cut Italy's sovereign credit rating from Aa2, citing such challenges as reforming a rigid labor market while also facing the likelihood of rising interest we won't touch US any more. just please call off the dogs!
guess who shorted mco this morning @ 37.90, covered @ 38.10 and still feels like a retard about it....