"When it starts hitting the fan, Citi cleans up, " says Philip Guarco, a senior credit officer at Moody's and a former lending officer for Citicorp in Mexico.

FORBES: Tails, we win

"Our current thinking is that the downturn, currently two years in the making, will last until 2009, with any sector recovery likely to be sluggish for some time after that, " said Joseph Snider, senior credit officer at Moody's.

FORBES: Magazine Article

It is unclear as yet whether these problems are serious, says Christina Padgett, senior credit officer at Moody's Investors Service, or whether they simply reflect the fact that America's Sarbanes-Oxley act has imposed a higher standard of accounting accuracy.

ECONOMIST: Buying music can be highly profitable