Moody's (MCO) is none too pleased about getting passed over on rating a CMBS deal - a part of...

|About: Moody's Corporation (MCO)|By:, SA News Editor

Moody's (MCO) is none too pleased about getting passed over on rating a CMBS deal - a part of the market in which it previously had a lock. "Not a single one of these loans merits investment-grade consideration," says Moody's analyst Tad Philipp of the $1.1B security issued by JPMorgan. S&P (MHP) - which got the business - stands by its IG ratings.