Potentially Adverse Impact of H.R. 4173 on Moody’s Business Prompts S&P to Downgrade Rival’s Rating
July 9, 2010
Standard & Poor’s has placed its A-1 short-term rating for competitor Moody’s Corp. on CreditWatch with negative implications citing potentially lower margins and higher litigation risk brought about by financial regulatory reform. S&P said H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, will...