Moody's assurances no excuse for easing up on reform efforts

We should not be lulled into a false sense of security by the comment yesterday by a top Moody's Investors Service official that the likelihood of this country's credit rating being cut in November is about a third. ''We [put] the probability of a downgrade at less than 50%; closer to around one-third," said Moody's vice-president Zuzana Brixiova.