Ron Mahabir08

Ratings Agencies: Villians or Scapegoats?

Let me start off by saying that I am short one of the rating agencies (Moody's). Did you see the recent 8-K filing on Tuesday? Generally, when sudden resignations occur at this level and for such a relevant position to this crisis, it doesn't bode well for the company (directors at Countrywide, New Century, etc. prior to their implosion).

From a macro view, how can the rating agencies recover from the fastest increase in rating revenues in history in a rapidly deflating credit environment and global slowdown?


Item 5.02, "Departure of Directors or Certain Officers"

Jeanne M. Dering resigned, effective November 14, 2007, from her position as Executive Vice President, Global Regulatory Affairs and Compliance of Moody's Corporation (the "Company"). She will remain an employee of the Company until December 31, 2007.