US$37.3b quota set for short-term foreign debt
- Mon
- Mar 4, 2013
- Updated: 8:44pm
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S&P
Standard & Poor’s is best known for stock market indices such as the US-based S&P 500 and for its credit ratings, competing against Moody's Investors Service and Fitch Ratings. Rating agencies came under fire for issuing top ratings to pools of mortgages which included subprime loans and in February 2013, the US Justice Department filed a civil lawsuit against S&P, seeking US$5 billion in civil damages.
6 Feb 2013
The US government’s case against Standard & Poor’s points to documents that authorities say support their accusations – namely, that S&P intentionally gave high marks to risky mortgage...
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