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Tag Archives: S&P

S&P Reaches Settlement on Pre-Crash RMBS Ratings

The Department of Justice sued S&P in February 2013, alleging that the credit ratings agency "knowingly and with the intent to defraud, devised, participated in, and executed a scheme to defraud investors" in collateralized debt obligations and residential mortgage-backed securities between 2004 and 2007.

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Report: S&P Seeking to Settle Ratings Lawsuit

Ratings agency Standard & Poor's might be looking to strike a deal of up to $1 billion with the government to settle a suit filed last year, the Wall Street Journal reports. The suit alleges that S&P "knowingly and with the intent to defraud, devised, participated in, and executed a scheme to defraud investors" in collateralized debt obligations and securities backed by residential mortgages between September 2004 and October 2007.

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Report Finds Flaws in Analysis of Re-Performing RMBS Deal

Standard & Poor’s (S&P) may have made some missteps in evaluating the risk of a residential mortgage-backed security (RMBS) transaction that has now been postponed, Fitch Ratings says in a recent report. In a release issued Friday, Fitch says S&P relied on incomplete home value data for loans contained in the recently announced RMBS transaction to be issued by Bayview Asset Management.

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