Moody’s Investors Service has picked up considerable market share in the subprime rating business this year, a development that reflects the increased popularity of collateralized debt obligations in the subprime space. But new legislation passed by Congress could increase competition for Moody’s and its rival Standard & Poor’s. According to data compiled by Inside B&C Lending, S&P and Moody’s closed the second quarter of 2006 in a neck-and-neck race. S&P had a slight lead, claiming a...[Includes data page and chart]