The disaster that is Moody’s (MCO) has finally struck again with a massive downgrade of five of the six largest U.S. banks.  These downgrades come despite some of the highest historical liquidity and capital ratios in the banks histories, and improving credit metrics.  Why Moody’s can operate in an oligopoly when their service is complete...Read More

Assured Guaranty (AGO) does a wonderful job replying to Moody’s (MCO) recent announcement that they are evaluating a potential downgrade of the bond insurance company.  In the presentation the company makes a variety of salient points relating to the record of profitability under unprecedented market stress, to the continuing ability to write higher margin business...Read More