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Standard & Poor’s

World news about “Standard & Poor’s” published by euronews.

03/02 17:07 CET

Why Standard & Poor’s would rate investments ‘structured by cows’

Why Standard & Poor’s would rate investments ‘structured by cows’

Ratings agency Standard & Poor's is to pay out $1.5 billion (1.3 billion euros) to resolve a series of government lawsuits over the sub-prime scandal. S&P was alleged to have rated mortgage securities too highly in the run up to the 2008 financial crisis. The US Department of…