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researcher59 - Moody's

I wouldn't trust a single thing coming from Moody's.

Check this out:

Credit ratings agency Moody's Investors Service on Monday put Bear Stearns Cos. Inc. on review for possible upgrade after the investment bank struck an emergency deal to sell itself at a massive discount.

Moody's said it was reviewing the "Baa1" long-term rating of Bear, just three days after downgrading it two notches from "A2." Both ratings are investment grade.

Bear Stearns agreed Sunday to a sale to JPMorgan Chase & Co. at the equivalent of $2 per share. The stock closed at $30 on Friday and Bear Stearns said last week its book value per share was in the mid-$80s range.

Moody's also affirmed a "Aa2" senior rating on JPMorgan Chase.