February 08, 2013 at 13:05 PM EST
Moody's Falls On Lawsuit Fear Despite Good Earnings
Moody's (MCO) reported outstanding fourth-quarter earnings before the market opened and issued bullish guidance for 2013. But the ratings agency's stock fell as much as 7% early Friday on fears the federal government may sue over debt ratings it issued before the great recession. Last week, the Justice Department initiated a $5 billion civil suit against rival Standard & Poor's, owned by McGraw-Hill (MHP). Analysts say Justice may go after
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