S&P, But Not Moody’s Sued Over CDO Ratings

05 Apr 2013

The U.S. Department of Justice has sued Standard & Poor’s over its alleged inflated ratings of collateralized debt obligations and mortgage-backed securities, but not Moody’s Investors Service, which assigned “virtually identical” ratings on the same structured products, according to Height Analytics.

The U.S. Department of Justice has sued Standard & Poor’s over its alleged inflated ratings of collateralized debt obligations and mortgage-backed securities, but not Moody’s Investors Service, which assigned “virtually identical” ratings on the same structured products, according to Height Analytics. DOJ sued Standard & Poor’s in February ...

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