States Sue S&P over Alleged Misleading Mortgage Ratings

More than a dozen states plus the District of Columbia filed lawsuits Tuesday against Standard & Poor's, accusing the credit rating agency of improperly giving high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.
February 6, 2013

More than a dozen states plus the District of Columbia filed lawsuits Tuesday against Standard & Poor's, accusing the credit rating agency of improperly giving high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.

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