FT TRADING ROOM Credit rating agencies again step into the spotlight on Wednesday as a Congressional commission grills Warren Buffett, the billionaire investor, and former and current executives from Moody’s Investors Service about the sector’s role in the financial crisis.
The increased focus on credit rating agencies by legislators and regulators has dealt a huge blow to the share price of Moody’s and McGraw Hill, the media company that owns the other big credit rating agency, Standard & Poor’s.
