Posted AT 12:33 PM EST on 26/05/08
SEC looking into possible computer glitches at Moody's
PARIS — The U.S. Securities and Exchange Commission has begun looking into possible computer glitches at credit rating agency Moody's Corp., SEC chairman Christopher Cox told Reuters Monday.
The Financial Times reported last week that Moody's had wrongly assigned triple-A ratings to complex European debt products called constant proportion debt obligations, or CPDOs.
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