Trouble for McGraw-Hill (MHP) And Moody's (MCO) |
| Published: August 16, 2007, 6:18 am |
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Moody's (MCO) is already in a ton of trouble due to is rating on sub-prime debt and mortgage-backed securities. According to the FT, the European Union is opening an investigation because it believes the ratings agencies failed to act quickly enough to warn investors. The US Congress is also going to begin an investigation. Moody's shares are already down for the count. They trade at $49, around their 52-week low and down from the high of $76.09 set in February. It is not hard to imagine that lawsuits and further investigations could take them lower. That leaves McGraw-Hill (MHP) which... [ Full article ] |
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