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  • Companies' Risk of Bankruptcy - Audit Integrity [View article]
    Moody's has been a day late and a dollar short for longer than I can remember. This list would have been useful a year or two ago, before many of these companies showed real signs of distress. Now it serves no purpose other than for Moody's to cover their arses.

    What is worse is that a number of these companies have already taken adequate measures to restructure debt and improve liquidity. I can point to at least a few that have no major debt maturies coming in the next 24 months. So, how on earth would they have a 90%, or even 10% chance of going bankrupt this year?

    The proof of the pudding is in the eating. Come 2010, if 90% of these companies has not gone BK, what will Moody's say? What if it is under 50%?
    Apr 18 14:10 pm |Rating: +2 0 |Link to Comment
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