February 05, 2013 at 07:35 AM EST
Standard & Poor's Becomes First Credit Rating Agency to be Sued by DOJ
The U.S. Department of Justice intends to bring civil charges against McGraw-Hill (NYSE: MHP ) subsidiary, Standard & Poor’s for wrongdoing in its ratings of mortgage bonds prior to the 2008 financial crisis. The action, reported by CNBC , would be the first by a federal agency against a major
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