UPDATE 1-S&P to pay $77 mln to settle U.S. SEC, state charges over ratings
January 21, 2015 at 09:56 AM EST
WASHINGTON/NEW YORK, Jan 21 (Reuters) - Credit-rating agency Standard & Poor's will pay $77 million and be barred for one year from rating certain commercial-backed mortgage securities, as part of a major settlement with U.S. and state regulators over "fraudulent misconduct."