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Reuters: Moody's stock suffers record plunge on rating error

Started by chris, May 21, 2008, 05:41:07 PM

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chris

Moody's stock suffers record plunge on rating error
      


NEW YORK (Reuters) - Shares of Moody's Corp  fell more than 13 percent on Wednesday, the biggest one-day drop since becoming an independent company in 2000, after the rating agency said a computer snafu resulted in incorrect top ratings for complex debt.
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