Standard & Poor's Issues Offiical Statement on Pending DoJ Litigation
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Raymond James Upgrades Moody's Corp (MCO) to Strong Buy
February 6, 2013 7:50 AM ESTRaymond James upgraded Moody's Corp (NYSE: MCO) from Outperform to Strong Buy with a price target of $55.00 following recent sell-off on DoJ suit versus McGraw-Hill (NYSE: MHP) S&P unit.
For an analyst ratings summary... More
UPDATE: Raymond James Upgrades McGraw-Hill (MHP) to Strong Buy
February 6, 2013 7:48 AM EST(Updated - February 6, 2013 7:50 AM EST)
Raymond James upgraded McGraw-Hill (NYSE: MHP) from Outperform to Strong Buy with a price target of $62.00 following recent sell-off on DoJ suit.
For an analyst ratings summary and ratings history on McGraw-Hill... More
U.S. DoJ Files Civil Suit Against S&P Ratings Services Over RMBS, CDO Fraud
February 5, 2013 11:15 AM ESTAttorney General Eric Holder announced today that the Department of Justice has filed a civil lawsuit against the credit rating agency Standard & Poors Ratings Services -- of McGraw-Hill (NYSE: MHP) -- alleging that S&P engaged in a scheme to defraud investors in structured financial products known as Residential Mortgage-Backed Securities (RMBS) and Collateralized Debt Obligations (CDOs). The lawsuit alleges that investors, many of them federally insured financial institutions, lost billions of dollars on CDOs for which S&P issued inflated ratings that misrepresented the securities true credit risks. The complaint also alleges... More
McGraw-Hill (MHP) Punished for Second Day in Row on DoJ Civil Suit
February 5, 2013 10:17 AM ESTShares of McGraw-Hill (NYSE: MHP) are lower for the second day in a row Tuesday after the U.S. Justice Department (DoJ)filed a civil suit against the company, accusing it and its Standard & Poor's rating agency of fraud. The company's two-day declined now... More
McGraw-Hill (MHP) Slammed on Civil DoJ Litigation; Moody's (MCO) Down in Sympathy
February 4, 2013 3:52 PM ESTMcGraw-Hill Cos. (NYSE: MHP) continues under heavy pressure into the close amid news the Civil Division of the DOJ has informed the Company that it intends to file a civil lawsuit against S&P focusing on its ratings in 2007 of certain U.S. collateralized debt... More
S&P Says DoJ Plans Civil Suit on CDO Ratings; May Have Wanted 10-Figure Settlement - CNBC
February 4, 2013 2:35 PM ESTMcGraw-Hill Cos. (NYSE: MHP) S&P is out with a response following reports that it might be subject of a civil lawsuit over ratings on mortgage-backed securities (MBS) into the financial crisis of 2008.
Catherine Mathis said the Justice Department... More
U.S. Justice Dept. May File Civil Suit Against S&P Over MBS Ratings (MHP) (MCO)
February 4, 2013 2:25 PM ESTMcGraw-Hill (NYSE: MHP) is ticking lower on the session Monday amid reports that regulators might still be looking to press charges with its ratings unit over mortgage-backed securities (MBS) ratings.
According to the WSJ, the U.S. Justice Department may file civil charges against Standard & Poor's Ratings... More
McGraw-Hill (MHP) Weaker as S&P Faces Civil Charges over Bond Ratings
February 4, 2013 1:28 PM ESTThe McGraw-Hill Companies, Inc. (NYSE: MHP) is seeing weakness (-1.8%) mid-day on reports U.S., state prosecutors plan civil charges against its unit S&P over its mortgage-bond rating model, according to the WSJ.
Moody's Corp. (NYSE: MCO) is also lower (-1.2%).... More
