SEC issues historic fine to Moody’s for misleading ratings
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SEC issues historic fine to Moody’s for misleading ratings

Alexander Saeedy
August 28, 2018 07:00 PM
Moody's 230x150

The US Securities and Exchange Commission on Tuesday announced a fine against Moody’s for internal control and modelling issues pertaining to ratings of RMBS, as well as a first ever charge for deficient ratings symbols of CLO combo notes. The rating agency agreed to pay a total of $16.25m to settle the charges.

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RMBSSecuritizationUnited StatesAmericasNorth America
AS
Alexander Saeedy
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