Jan
16
Moody’s to Pay $864 Million to Settle Inquiry Into Inflated Ratings
ByMoody’s Corp. has agreed to pay nearly $864 million to settle federal and state claims it gave inflated ratings to risky mortgage investments in the years leading up to the financial crisis.
The deal announced on Friday was struck among the New York-based rating agency, the Justice Department and the attorneys general for 21 states and the District of Columbia.
It calls for $437.5 million to go to the Justice Department and $426.3 million to be divided among the states and the District of Columbia…
Moody’s to Pay $864 Million to Settle Inquiry Into Inflated Ratings
