Credit rating agencies are coming under fire from Congress again — but this time it’s for being too pessimistic. After Moody’s issued an unprecedented across-the-board negative credit outlook on all American cities and towns yesterday, House Financial Services Committee Chairman Barney Frank issued his own negative assessment of Moody’s, and scheduled a hearing to investigate:
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=143970