R&R Consulting principal Sylvain Raynes is quoted in a ground-breaking expose by McClatchy Newspapers on how Moody’s compromised the integrity of its credit ratings:
“As the housing market collapsed in late 2007, Moody’s Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall […]
Business bloger Yael Bizouati interviewed R&R’s Sylvain Raynes about former Moody’s analyst Eric Kolchinsky’s testimony on ratings-firm reform before the House Committee on Oversight and Government Reform. Raynes says Moody’s should be “put out of its misery” for its “pattern of fraud,” and describes a deal he witnessed that he considered fraudulent. Read “Moody’s Insider […]
By admin | Published:
December 6, 2008
“The mistaken notion that Moody’s was a company like any other, that was very fundamental,” said Sylvain Raynes, a former Moody’s analyst who is co-founder of R&R Consulting, a firm that helps investors gauge debt risks. “It is not just a profit-maximization entity like Exxon or Microsoft. Moody’s has a duty to the American public. […]
By admin | Published:
November 4, 2008
“In the late ’90s, research and development at Moody’s slowed right down,” says [Ann] Rutledge. “The banks caught up. And then they came to be the ones in the lead.” As the structured finance arms race accelerated, Moody’s and its peers became more passive participants. Where the firm had once been at the cutting edge […]
R&R’s Sylvain Raynes is quoted in a New York Times article regarding disciplinary action by Moody’s against employees alleged to have violated the company’s code of conduct in rating European securities.
Article excerpt:
“Already under intense scrutiny for its role in the credit crisis, the Moody’s Corporation said Tuesday that some employees had violated its code of conduct […]
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