Bloomberg reported, citing researcher Height Analytics, that Moody’s issued “virtually identical” grades on the same CDOs that prompted the DOJ to sue Standard & Poor’s.
The article added that Moody’s, which hasn’t been sued for fraud, has been under investigation by the DOJ since at least July 2011.
To read the Bloomberg article click here.
To read S&P’s statement that the DOJ lawsuit is unjustified and without legal merit click here.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
No tags available