Description: Moody’s Investors Service suffered a downgrade of its own as markets responded to the company’s rating cuts yesterday of 15 of the world’s largest banks by bidding up the value of their stocks and bonds.

Source: Bloomberg.com

Date: June 22, 2012

Link: http://www.bloomberg.com/news/2012-06-21/credit-suisse-cut-3-levels-as-moody-s-downgrades-biggest-banks.html

Questions for Discussions:

• What does this report have to say about the role played by Moody’s and perhaps, other agencies?
• Explain the response by investors.