Raymond McDaniel

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• Moody’s CDO Grades in S&P Lawsuit Almost ‘Identical,’ Study Says

  Moody’s Corp., the second-largest credit rating firm, issued “virtually identical” grades on the same structured products that compelled the Justice Department to sue its main competitor, Standard & Poor’s, according to researcher Height Analytics LLC.

• Moody’s Expects Additional U.S. Municipal Defaults, FT Reports

  Moody’s Investors Service expects “additional defaults” in the U.S. municipal bond markets, the Financial Times reported, citing an interview with Chief Executive Officer Raymond McDaniel.

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  Buffett Says Moody's Boss Shouldn't Be Singled Out for Blame

  Warren Buffett , whose Berkshire Hathaway Inc. is the largest shareholder in Moody’s Corp., said the ratings firm’s chief executive officer shouldn’t be singled out for blame over credit grades on mortgage-related assets that proved to be wrong.

• Payday Lenders Seek U.S. Oversight to Avoid State Rules

  The U.S. Securities and Exchange Commission may sue Miami over whether the city adequately disclosed financial information when it raised money from investors.

• Moody's Chief Says CDO Ratings Were `Deeply Disappointing'

  Moody’s Corp. Chief Executive Officer Raymond McDaniel said his company’s ratings of collateralized debt obligations and residential mortgage securities in the past several years have been “deeply disappointing.”

• BofA, Moody’s, Starbucks, BP, H-P, Sony in Court News

  Allstate Corp. sued Bank of America Corp. and its Countrywide mortgage unit over $700 million in residential mortgage-backed securities the insurer purchased, claiming Countrywide misrepresented the investments.

• Moody's Profit Rises 26% as Demand for Corporate Credit Ratings Increases

  Moody’s Corp., whose founder John Moody created credit ratings in 1909, said first-quarter profit rose 26 percent as growing corporate and junk-bond issuance helped boost demand for debt rankings.

• Moody’s Settles With Shareholders in Structured-Finance Suit

  Moody’s Corp. said it reached a settlement with stockholders in lawsuits filed over structured- finance ratings.

• Congress Investigates Role of S&P, Moody’s in MF Global Failure

  U.S. lawmakers are investigating whether Standard & Poor’s and Moody’s Investors Service failed to provide accurate ratings of MF Global Holdings Ltd. as the brokerage spiraled into bankruptcy.

• Moody's, S&P Ratings Were Swayed by Wall Street, Reports By Senate Panel

  Moody’s Investors Service and Standard & Poor’s were too influenced by Wall Street, had insufficient resources and used outdated models to grade mortgage securities that blew up when the U.S. housing market collapsed in 2007, Senate investigators said in a report.

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