Moody's shifts debt analysts as banks complain: WSJ

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(Reuters) - Moody's Corp's (MCO.N: Quote, Profile, Research) credit rating unit Moody's Investors Service switched analysts from covering deals of particular investment banks after the banks requested changes, the Wall Street Journal said on Friday, citing people familiar with the matter.

An analyst in a group that rated collateralized debt obligations was moved off an investment bank's deals after bankers requested an analyst who raised fewer questions about their deals, the newspaper said.

Moody's also moved another investment banking official to its surveillance unit, which monitors the performance of deals already rated, after an official agreed with an investment banker's opinion that the analyst was too fussy, the newspaper added.

Moody's did not immediately return a call seeking comment.

Reuters

[Gman]

1. That's the Bush culture way of doing things

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