How S&P and Moody's Goofed on Calculating Sub-prime Ratings - Bonds Article - lending, bonds, subprime

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How S&P and Moody's Goofed on Calculating Sub-prime Ratings

Article Submitted by: Sam Cass
Bonds

Tags: Lending, Bonds, Subprime, Moodys.

S&P and Moody's those venerable rating institutions totally missed the coming storm on the sub-prime market. Until June sub-prime bonds were rated AAA. Most are now junk.

So much for the experts.

Submitted: Sep 26, 2007 Views: 480 Comments: 0 Likes: 1

View Article: http://www.businessweek.com/magazine/content/07_40/b4052061.htm?cha...

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