Raymond James Upgrades Moody's Corp (MCO) to Strong Buy

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Go back to Raymond James Upgrades Moody's Corp (MCO) to Strong Buy

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 EST

Attorney 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) Moves Off Lows, Lawyer Suggests U.S. Politically Motivated

February 5, 2013 10:30 AM EST

The McGraw-Hill Companies, Inc. (NYSE: MHP) is moving off the lows of the day after the company's attorney Floyd Abrams made comments on CNBC about the DoJ lawsuit.

Abrams said while no one knows if the DoJ is politically motivated, he notes... More

McGraw-Hill (MHP) Punished for Second Day in Row on DoJ Civil Suit

February 5, 2013 10:17 AM EST

Shares 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 EST

McGraw-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

Standard & Poor's Issues Offiical Statement on Pending DoJ Litigation

February 4, 2013 2:42 PM EST

Standard & Poor's Rating Services ("S&P"), a subsidiary of The McGraw-Hill Companies, Inc. (NYSE: MHP) today disclosed that the Civil Division of the United States Department of Justice ("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 obligations ("CDOs"):

"A DOJ lawsuit would be entirely without factual or legal merit. It would disregard the central facts that S&P reviewed the same subprime mortgage data as the rest of the market including U.S. Government... More

U.S. Justice Dept. May File Civil Suit Against S&P Over MBS Ratings (MHP) (MCO)

February 4, 2013 2:25 PM EST

McGraw-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 EST

The 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