Posted inBusiness

S&P Close to $1.37B Deal Over Risky Mortgage Bond Ratings

MARCY GORDON, AP Business Writer WASHINGTON (AP) โ€” Standard & Poorโ€™s is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis. The credit rating agency is expected to sign an agreement to settle with […]

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