ALL BUSINESS: Credit-rating agencies still need ample staff
Better a half-blind guard at the gate, than no guard at all.Credit-rating analysts have been sharply criticized for failing to properly assess the risk of mortgage-backed and other complex debt securities. That doesn't mean we don't need them doing the job.While Wall Street cheered Moody's Corp.'s better-than-expected earnings this week, that overshadowed news of what helped the company turn in those results: A big reduction in its compensation expenses.Moody's, which didn't return r...
4/25/2008 3:01:00 PM
Kentucky.com: Business
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