Moody's disciplines employees over CPDO ratings

1/07/2008 - 15:17

LONDON (Reuters) - Moody's Investors Service said it was disciplining employees for considering inappropriate issues in approving triple-A ratings for complicated debt products called constant proportion debt obligations (CPDOs).

The ratings agency, already under fire over its rating of U.S. subprime-related debt products, launched an investigation in May as the Financial Times newspaper reported that a coding error in a computer model caused CPDOs, Europe

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