Moody's Commercial Paper Rating May Be Cut, S&P
Moody's Corp., owner of the second- largest credit-rating company, may have its commercial paper ranking cut by its bigger competitor Standard & Poor's. S&P today placed Moody's A-1 short-term debt rating on CreditWatch negative, citing reports that a computer error may have caused Moody's to give Aaa ratings to debt that didn't deserve them....MORE
*Mr. Annett was an uncontested Climateer 'Line of the Day' winner 27Sep07:
Speaking of the WSJ's Blog Empire (see below), Tim Annett posting at MarketBeat was yesterday's winner with a walk-off home run*:
Like a gang of clowns in a pie shop, Wall Street brokerages had a merry old time slapping one another with various downgrades, earnings-estimate parings and price-target reductions in the lead-up to their recent earnings announcements....
In baseball, a walk-off home run is a home run which ends the game. It must be a home run that gives the home team the lead in the bottom of the final inning of the game...
and is a lock inductee into the Climateer 'Line of the Day' Hall of Fame.
(should we ever get around to creating it)