The Big Interview - Moody's
Brian Clarkson and Frederick Drevon from under-fire rating agency Moody's talk to Credit about what areas of their business they intend to tighten up and what effect the liquidity crisis may have on the broader market
The credit rating agencies remain in the news months after the US subprime mortgage debacle became a full-blown liquidity crisis in the debt markets. The latest development in the saga of their involvement came in November, when they were summoned by the UK Treasury Select Committee of MPs to explain their role in the Northern Rock fiasco.
Following that session of the committee, Matthew Attwood spoke to Moody's president and COO Brian Clarkson and the organisation's EMEA head Frederic Drevon to
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