Sorry!! The article you are trying to read is not available now.
S&P Lawsuit: Why Were Moody's and Fitch Spared the Wrath of the US Government?
Late Monday the US Justice Department filed a $5 billion civil lawsuit against credit rating agency Standard & Poor’s (NYSE:MHP) claiming that the group sought to defraud investors by inflating its mortgage securities ratings prior to the financial crisis thus making them appear safer than they were.   The lawsuit marked the first federal enforcement action against a rating agency over the financial crisis.   Responding to the government’s allegations S&P said in a statement that “A DoJ lawsuit would be entirely without factual or legal merit.”   The rating agency also signaled that it was being unfairly singled ...
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here