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.
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.