Statement By New York Attorney General Andrew Cuomo On Reforms Announced By Standard & Poor's And Moody's

"The supposed reforms announced today by Standard & Poor's and by Moody's on Tuesday are too little too late. Both S & P and Moody's are attempting to make piece-meal change that seem more like public relations window dressing than systemic reform. My Office will continue its active investigation of the mortgage industry and the role played by the ratings agencies in the mortgage meltdown.".