Banks do not take kindly to Moody's threat


It was big news when Moody's placed top banks on watch in February for possible credit downgrades. I don't necessarily think that credit rating cuts are a foregone conclusion, especially with first quarter earnings coming in so strong. Still, some banks are plenty miffed. Goldman Sachs CFO was willing to criticize Moody's in a conference call. As quoted by Deal Journal, the CFO told analysts: "We are as you know, we are quite analytical and when we do all of the analysis we cannot figure out why they are where they are….And so I just wanted to tell you that." Article