Moody’s to pay $16m over flawed credit ratings

Moody’s to pay $16m over flawed credit ratings

Ratings agency Moody’s has agreed to pay more than $16 million to resolve charges tied to its assessment of residential mortgage-backed securities worth tens of billions of dollars, market regulators announced on Tuesday. The case also involved the first charges brought by the Securities and Exchange Commission involving deficient ratings symbols. READ ALSO: Nigeria’s problem not […]
Source: Moody’s to pay $16m over flawed credit ratings

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