Monday, September 26, 2011

S&P faces first action by US government against a major credit rating agency

S&P gave top grades to a package of securitized mortgages in 2007 that quickly soured United States regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured.

Source: http://en.mercopress.com/2011/09/27/s-p-faces-first-action-by-us-government-against-a-major-credit-rating-agency?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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