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Loan Modification

: Loan Modification & Home Loan News

Moody?s CEO calls subprime ratings ?disappointing?

By Moe Bedard

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The chief executive of Moody’s Corp. says his company’s inaccurate ratings of mortgage-related investments were “deeply disappointing” but investors shouldn’t rely on ratings to buy or sell securities. “Moody’s is certainly not satisfied with the performance of these ratings” and is taking steps to improve its rating process, says CEO Raymond McDaniel in prepared testimony. Still, McDaniel [...]

Full post as published by Loan Modification & Home Loan News on June 02, 2010 (boomark / email).

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