Article: Moody's Investors Service Announces Actions After Review of European CPDO Ratings Process.

Company Takes Action to Strengthen Policies and Procedures, and Begins Disciplinary Proceedings after Identifying Violations of Moody's Code of Professional Conduct

NEW YORK -- Moody's Investors Service, the credit rating agency unit of Moody's Corporation (NYSE: MCO), today announced that, following a comprehensive review of its ratings process for European constant-proportion debt obligations (CPDO), it has initiated employee disciplinary proceedings and accelerated measures to strengthen its rating and monitoring processes.

Moody's found, based on an investigation conducted by the law firm Sullivan & Cromwell, that its personnel did not make changes to the ...

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