Chapter 2689: It took only one day! A new miracle!
It didn't take long.
Moyuan Rating Agency officially issued an announcement.
The content of the announcement is very simple: This agency will downgrade the ratings of the three major rating agencies, S&P Credit, Moody's and Fitch, to Z level from today on. All investors are advised to invest with caution and pay attention to risks.
The office door was slammed open, and He Chaoling rushed in breathlessly with a red face, her face full of excitement and nervousness that could not be suppressed: "Mr. Chen, the media reports have been overwhelming, and the market reaction is stronger than we expected. The stock prices of the three major rating agencies have plummeted!"
Chen Mo clenched his fist unconsciously, nodded slightly, and his eyes were still fixed on the screen like nails: "This is just the first step. How is the bond market preparing?"
"Han Li and his team are all ready, just waiting for your order!"
He Chaoling's voice trembled slightly, and she was equally excited.
Such a man is so domineering!
Only a man like this is worthy of her, He Chaoling!!!
"When will that day come?"
He Chaoling was secretly looking forward to it.
Soon, media reports spread like wildfire, instantly spreading throughout the entire financial circle, and the market completely exploded.
The credibility of the three major rating agencies was already at risk, and now Chen Mo has played such a big trick. The trust crisis suddenly erupted like a tsunami.
The media of Moyuan Group has started to exert its strength!
There were many people who didn’t pay attention to finance and didn’t even know what the three major rating agencies were.
But under Chen Mo's operation, many people not only knew about the existence of the three major rating agencies, but also knew...
It turns out that in the hegemonic country known as the beacon of mankind, in the world's largest bond market, rating agencies can buy rankings by spending money, and they must spend money to get good scores and rankings!
This has shattered many people's three views.
The stock prices of the three major rating agencies fell like a kite with a broken string. And this was just the beginning of Chen Mo's plan.
"Next, the securities market will take action and deal them a heavy blow!"
"Han Li, fight!!! Fight for me!!!"
Following Silent's order, Han Li and other royal traders who had followed Chen Mo for many years also started to work hard on the keyboard and mouse with evil smiles on their faces.
Pa pa pa pa~~~~
Keyboards are ringing!
Compared with the financial products that Chen Mo had shorted before, the market value of the three major rating agencies is simply as small as it can be!
Almost in an instant, a large number of short-selling orders came in, leaving no time for shareholders who invested in the three major rating agencies to escape!
Traders are making efforts in the bond market, and through dazzlingly complex financial derivatives operations, they are shorting the bonds of rating agencies on a large scale!
The bond market at this time is like a sea in a storm, with turbulent waves, and every price fluctuation affects the nerves of countless people.
Panic in the market spread like a virus, with more and more investors joining the ranks of selling assets related to rating agencies, and the entire financial market seemed to be in the end of the world.
In the S&P headquarters building, the atmosphere was also extremely tense.
Alex Mattrey, CEO of Standard & Poor's Credit Ratings, paced back and forth in the conference room like an angry lion, and yelled at a group of executives: "What do you all do? We are a rating agency, but we were rated by Daxia's rating agency! And we were rated the lowest grade!!!
The key is that investors still trust this rating!!!
Tell me for yourself, is it outrageous or not?"
An executive's legs trembled slightly, and he answered tremblingly: "Mr. Matti, actually... the rating of Moyuan Agency was the last straw that broke the camel's back. The key is the substantial evidence that Chen Mo has.
We didn’t expect that he could master such evidence and detonate the market so accurately.”
Another executive said: "It's not just us now. Moody's and Fitch are jumping even harder."
Alex's secretary took a deep breath and said helplessly: "Boss, an era is coming to an end."
Alex was silent for a long time after hearing this, then he sat down on the chair with a pale face and muttered to himself: "In fact, ever since Chen Mo triggered the subprime mortgage crisis, I have realized that this is where we would end up.
But this day has finally come, and I am still filled with resentment..."
"Forget it, report the news to the Foundation."
Secretary: “Then what else do we need to do?”
Alex laughed mockingly, "What else can we do? From the moment Chen Mo launched the attack, everything we do is in vain."
The secretary remained silent.
"Like you said, an era is coming to an end... maybe it's time for us old guys to let go and take a break."
"I'm tired. You can handle the rest. I have no objection to any decision you make."
Alex left the company with a dejected look on his face as all the company's top executives saw him off.
Once he leaves, it will be forever.
Unlike Alex's despair and inaction.
John Moody's and Jon Fitch, the bosses of the two major rating agencies, are still trying to struggle.
"Find a way to save the situation!!! Hold a press conference immediately and clarify everything!" John roared, his eyes filled with fear and unwillingness.
"Go find the Foundation for help! We have worked for the Foundation, they can't just watch us perish!!!"
Jon shouted with red eyes.
The two tried to take measures to save themselves. They held a press conference and tried to restore their reputation.
But Chen Mo had anticipated this move. He arranged for his team to organize a protest outside the press conference. The media cameras turned to the protest site, and the press conference became a farce.
The three major rating agencies gradually collapsed under Chen Mo's careful planning.
As stock and bond prices continued to plummet, the capital chains of the three major rating agencies gradually broke.
In the end, under Chen Mo's series of precise and fierce attacks, the three major rating agencies had to declare bankruptcy.
"Did you win?"
Chen Mo stood in front of the window of Ziyuan Building, looking at the financial district outside the window, which was still prosperous but shrouded in crisis. His face was indifferent, neither happy nor sad.
"We won! Now the world's media are rushing to report that the newest and most authoritative rating agency has been born! It is our company's Moyuan Ratings!!!"
"From now on, the national credit ratings, financial instruments, stock, bond, currency and other ratings of various countries will use the data provided by our Moyuan Rating as a reference standard!!!"
He Chaoling said excitedly, "Boss, this time, you have created a new miracle! From the beginning of short selling to the target's bankruptcy, it only took one day!!!"
