Wednesday, May 28, 2008
As the SEC expands its investigation into credit ratings agencies, Moody's, which is conducting its own internal investigation, led by law firm Sullivan & Cromwell, into errors in calculating credit ratings for certain complex securities,said it may fire employees if it finds that they covered up mistakes. The SEC has a report due on credit ratings to Congress by the end of June. WSJ, Moody's Tone About Probe
Into Ratings Takes a Turn.