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standard and poor’s

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Justice Department Files Suit Against Credit Rating Agencies

Connecticut’s Attorney General joined other state attorneys geeneral and top justice department officials to announce the first major government action against a credit-rating agency, saying Standard & Poor’s knowingly inflated its ratings on risky mortgage investments that helped trigger the 2008 financial crisis.


File photo of a calculator. (Photo by Peter Macdiarmid/Getty Images)

Officials Predict No Debt Rating Fallout In CT

Gov. Dannel P. Malloy and his budget
director say they don’t expect Connecticut’s bond rating to feel
the ill effects of Standard and Poor’s decision to downgrade the
federal government’s bond rating.