Moody’s slams private equity

The Financial Times reports:

Moody’s, the credit rating agency, will on Monday launch an attack on the booming private equity industry, criticising its increasing use of debt to buy companies and questioning its claims that listed companies are better off in private hands.

Moody’s voice adds to the growing chorus of US critics, which includes trade unions, politicians of both parties and some company executives.

The Sarbanes-Oxley world.