Saturday, November 22, 2008

Moody's Sees Pressure on CMBS Ratings - with help of seeing eye dog

Moody's is a farce ...
Moody's Investors Service expects U.S. commercial mortgage-backed securities' ratings to face downward pressure in coming months as falling demand cuts rents and boosts vacancies in the U.S. commercial real estate market.
Its just despicable that rating agencies have done such a poor job - how are they in business?

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