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Moody's (MCO) Sinks on Reports of Bad Debt Ratings Due To Coding Error
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Shares of Moody's Corp. (NYSE: MCO) are under pressure today on reports from the Financial Times, the company incorrectly handed out AAA ratings on certain debt products due to a computer coding error.
Moody's said it is reviewing the matter.
Shares of Moody's are down 8% this AM.
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