Moody’s Investors Service

Moody’s Downgrades Bear Stearns; Cites Commercial Real Estate Concerns 

Moody’s Investors Service on Thursday downgraded the long term ratings of Bear Stearns Cos. from ‘A2’ to ‘A1,’ reacting to the Wall Street bank’s first-ever quarterly loss. The downgrades affected $80 billion of the company’s debt securities, Moody’s said.