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BL: Moody's Commercial Paper Rating May Be Cut by Standard & Poor's

By Alan Goldstein

May 22 (Bloomberg) -- Moody's Corp., owner of the second- largest credit-rating company, may have its A-1 commercial paper ranking cut by Standard & Poor's.

The move follows ``press reports regarding potential problems with analytical models and methodologies used in Moody's process for rating European constant-proportion debt obligations,'' New York-based S&P said today in a statement.

To contact the reporter on this story: Alan Goldstein in New York at [e-mail]
Last Updated: May 22, 2008 16:53 EDT