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More Questions Are Raised About Moody’s Ratings

Date: May 22, 2008
Author: Vikas Bajaj
QUOTE: The attorney general of Connecticut, Richard Blumenthal, who has criticized the practices of Moody’s and other ratings firms, said that he was investigating how Moody’s had dealt with the possible errors in its computer models. “One of the areas that most concerns us is the potential favoritism and abusive and illegal practices that involve dealings with the companies that they rate,” Mr. Blumenthal said in an interview.

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