Credit-market calm shows signs of dissipating

Credit markets are once again showing signs of strain after three months of relative tranquillity following the Federal Reserve's intervention in March. On Wednesday, Moody's Investors Service threatened to lower the credit ratings of bond insurers MBIA and Ambac Financial Group. The threat came in the same week that Wachovia Corp. ousted its CEO and Lehman Brothers Holdings said it was seeking fresh capital.

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