Moody's attacks rivals on debt risks

Moodys has taken a public shot at its rivals, warning that some of their credit ratings do not reflect rising risks in the securitisation markets.

Credit rating agencies have been vilified for failing to properly assess the risks associated with subprime and other lower quality mortgage debt ahead of the financial crisis. They gave triple A ratings to billions of dollars of mortgage securitisations that turned out to be far riskier and banks and investors suffered large losses ... READ MORE

Released by the Financial Times - 16 March 2012