Moody's may put some companies out of business


The Wall Street Journal has gotten hold of a list from Moody's called "The Bottom Rung." It names 283 companies at risk for defaulting on debt. Now that the list is public, many of those companies will find it extremely hard to raise money, and customers and suppliers may stop doing business with them due to fears the companies could disappear.

It's a shame the list is now public because it could hurt shareholders and employees at many of the corporations. The press will say it is a small price that gets paid for being in a free society.