Standard & Poor’s and its parent company McGraw Hill Financial Inc. on Thursday won a ruling that moves 15 lawsuits in which they were accused of fraudulently inflating credit ratings to a single federal court. The U.S. Judicial Panel on …
Lawyers for Standard and Poor’s, responding to a U.S. government probe, have tried for months to show it did nothing wrong in rating exotic securities in the run-up to the financial crisis. In one meeting, the McGraw-Hill Cos. Inc. unit, …
Barely two weeks after the big subprime lender New Century Financial Corp. went bankrupt, a top Standard & Poor’s executive assured Congress that her employer could be counted on to sound the alarm for the next credit disaster. S&P ratings …
Standard & Poor’s said it expects to be the target of a U.S. Department of Justice civil lawsuit over its mortgage bond ratings, the first federal enforcement action against a credit rating agency over alleged illegal behavior tied to the …
