From The Reformed Broker:
If anyone has a public relations problem, it’s Moody’s (MCO), once a well-respected bond ratings service, now DC’s favorite whipping boy for its role in the credit meltdown. Between Buffett’s dumping of the company’s stock and Greenlight’s David Einhorn pitching it as an investment short, management at Moody’s has decided to play a little offense.
Taking a page from one of Buffett’s other holdings, GEICO, Moody’s has chosen the cute and cuddly route back into our good graces. The following press release
* just hit the wires:
Moody’s Corporation to Introduce Ratey, the new Moody’s Spokesmoose
*obviously a parody, have a sense of humor
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