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|User Info||Windup Wednesday; entered at 2008-05-21 13:01:37|
causing "AAA" ratings to be applied when they should have been four notches lower.
Moody's says the proper rating should have been four notches lower. Yet S&P says their initial AAA was correct.
When the two top ratings companies can come to such widely divergent conclusion, that tells me and anyone else who is listening, that their ratings aren't worth ****.
I see Moody's was down 11% this morning. How appropriate.