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(Image from article: "SEC finds failures at credit-rating agencies")

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SEC finds failures at credit-rating agencies

SEC finds failures at credit-rating agencies

The U.S. Securities and Exchange Commission staff found "apparent failures" at each of the 10 credit rating agencies it examined, including Standard & Poor's and Moody's, the agency said on Friday in its first annual report of credit raters.

 

Moody's Downgrades Greek Debt to Junk

Moody's Investors Service downgraded Greek debt by four notches to junk status. It follows Standard & Poor's, which put the debt-laden country in the speculative-grade camp almost seven weeks ago.

 

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