- As part of a $60M settlement with the SEC, McGraw Hill Financial (MHFI -0.2%) unit Standard & Poor's will be suspended for a year from rating securities in the largest piece of the CMBS market, according to Bloomberg's source.
- The SEC has been probing S&P over whether it bent criteria in order to win business in 2011. In addition to SEC penalties, S&P is facing sanctions/fines over investigations by the states of New York and Massachusetts.
Bloomberg: S&P faces suspension from CMBS ratings
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