S&P and Moody’s (NYSE:MCO) blessed the Goldman (NYSE:GS) Abacus deal, giving it their highest rating. Yet it became one of the worst-performing mortgage deals of the housing crisis, serving as Exhibit A for what went wrong with the ratings services.
S&P and Moody’s (NYSE:MCO) blessed the Goldman (NYSE:GS) Abacus deal, giving it their...
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| Symbol | Last Price | % Chg |
|---|---|---|
| MCO | - | - |
| Moody's Corporation | ||