Moody's Falls On Lawsuit Fear Despite Good Earnings
Posted on February 08, 2013 at 13:05 PM EST
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
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here
©2013 MoneyShow.com, LLC. All Rights Reserved. For a complete trademark notice, please see the Terms of Service