Standard & Poor’s is said to be negotiating with the Justice Department to settle the inflated credit ratings to mortgage investments that spurred the financial crisis.
S&P is the only credit rater sued by the Justice Department’s RMBS working group.
DOJ sued S&P
As reported by ValueWalk, Standard and Poor’s Ratings Services said it faced a civil suit from the Department of Justice over accusations of mortgage investment rating inflation. The Department of Justice claimed the S&P set the mortgage market up for a crash.
DOJ Sues S&P For Allegedly Inflating Mortgage Investment Ratings
However, last October, S&P, a division of...
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