Moody's Investors Service's employees may move back to their offices on Church Street by the end of the month, says Michael Kanef, managing director of structured finance. Closed after the Sept.11 attacks, Moody's offices have not reopened since the tragedy because the building was declared part of Ground Zero by New York City. Moody's officials are expecting city officials to approve the reopening by the end of October, but are still awaiting confirmation, says Kanef, reached at his New Jersey office.
Moody's analysts have worked from four different locations: Lucent Technologies in New Jersey, Greenwich Capital Markets in Connecticut and AMBAC and General Electric offices in New York. Steve Macy, an analyst with the company, says not all employees will rush back to their former location. Macy says the attacks disrupted the power back-up facility which was located in the World Trade Center, meaning that even next week, computer network and phone lines may not be fully working.