Moody's Corp. said it has received two subpoenas from New YorkAttorney General Eliot Spitzer, one of which seeks informationconcerning the rating of reinsurance companies.

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In a 10-Q filing with the U.S. Securities and ExchangeCommission, the New York-based rating service said it received asubpoena from Mr. Spitzer's office on July 13.

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Moody's said it was asked for information and documents on itsratings of the financial strength and subordinated debt ofreinsurance companies. This includes ratings that were unsolicited,in which the debt issuer did not participate in the ratingprocess.

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Moody's said the attorney general is seeking information goingback to Jan. 1, 1997.

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The firm also revealed that it received an earlier subpoena,going back to May 11, for documents and information regardingsecurities offerings the firm rated or sought to rate that werebacked by jumbo mortgages from prime borrowers as well as creditenhancement evaluations.

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Moody's said the request covered the period from June 30, 2000to June 20, 2003. That subpoena, Moody's said, also seeks documentsand information related to the firm's credit policies andprocedures since Jan. 1, 1999.

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Moody's said it is responding to the attorney general's requestsand will cooperate with the inquiry.

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During an analyst's conference call, Moody's chairman, chiefexecutive officer and president, Raymond W. McDaniel Jr., would notcomment further on the subpoenas but appeared to indicate, inreaction to one question, that the issue is specific toMoody's.

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Representatives from other rating services–A.M. Best, Standard& Poor's and Fitch Ratings–said they have not receivedsubpoenas.

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Callout:

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A.M. Best, Standard & Poor's and Fitch Ratings did notreceive a similar order from the N.Y. attorney general.

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