S&P puts rival Moody's on review for downgrade

Standard & Poor's said in May it may cut competitor Moody's commercial paper rating after the Financial Times reported that a coding error caused Moody's to give $4 billion worth of complex debt products a rating four notches higher than they merited.

In putting Moody's rating on review, S&P cited declines in revenue that have affected both companies since the collapse of the subprime home loan market sapped new issues of mortgage-backed bonds.

"While the specific potential business and financial

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