- S&P (MHFI -0.6%) faces another investigation as the SEC probes a $1.5B 2011 CMBS deal.
- In this instance, CMBS markets were roiled and investors and issuers angered after S&P withdrew its ratings on paper, later saying it found discrepancies in the standards used to rate such deals.
- This investigation is in addition to the $5B civil fraud lawsuit launched by the DOJ as well as allegations lobbed by over a dozen states attorneys general.
- McGraw Hill Financial (MHFI) dipped on the news, but has since recovered.
- Neither Moody's (MCO -1.7%) nor Fitch has yet to face any suits, though MCO slid along with MHFI.
From other sites
Video at CNBC.com (Jan 20, 2015)
at CNBC.com (Dec 26, 2014)
at CNBC.com (Dec 8, 2014)
at CNBC.com (Oct 28, 2014)
at CNBC.com (Oct 27, 2014)
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