S&P reaches $1.5 billion deal with U.S., states over crisis-era ratings

(Reuters) – Credit rating firm Standard & Poor’s will pay $1.5 billion to resolve a collection of lawsuits over its ratings on mortgage securities that soured in the run-up to the 2008 financial crisis, concluding one of the U.S. government’s most ambitious cases tied to the housing collapse.




Source: Business

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