Moody's

From Recessipedia

Moody's is a top ratings agency that controls roughly 40% of the ratings issuance market. ^[1] Moody's has come under scrutiny for its use of flawed quantitative models and innacurate ratings of a variety of mortgage products and securities that were integral to the financial collapse that occured in 2008. ^{[2] [3]}

Notes

1. ↑ 2008 Annual Report: http://files.shareholder.com/downloads/MOOD/723134856x0x283662/2FF08A3A-04E2-4E88-98E6-C24373121209/2008_Form_10-K.pdf
2. ↑ Grynbaum, Michael, "Study Finds Flawed Practices at Ratings Firms" New York Times (July 9 2008): http://www.nytimes.com/2008/07/09/business/09credit.html
3. ↑ Bajaj, Vickas "At Moody's, Some Debt Was Rated Incorrectly" New York Times (July 2 2008): http://query.nytimes.com/gst/fullpage.html?res=9505E3DB173DF931A35754C0A96E9C8B63