Description: Moodyâ€™s Investors Service suffered a downgrade of its own as markets responded to the companyâ€™s rating cuts yesterday of 15 of the worldâ€™s largest banks by bidding up the value of their stocks and bonds.
Date: June 22, 2012
Questions for Discussions:
- What does this report have to say about the role played by Moodyâ€™s and perhaps, other agencies?
- Explain the response by investors.