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  • Moody’s (MCO -4.8%) gets a little taste of its own medicine after Lazard downgrades the stock to Neutral from Buy, causing shares of the ratings company to slide today more than anyone in the financial sector. Lazard says the firm faces headwinds from falling debt issuance in light of the European debt crisis and the battle over the U.S. debt limit.  [View news story]
    Delighted to see it. Running the following on the NakedTrader.com website. The sentiment is not surprising.

    Do Rating Agencies Do More Harm Than Good?

    Yes they're an irresponsible nightmare
    82.4%
    No they provide an essential service.
    17.6%
    Jun 16 09:10 PM | Likes Like |Link to Comment
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