In first, Conn. sues Moody’s and S&P over CMO ratings
In a lawsuit filed today, State Attorney General Richard Blumenthal says the two companies knowingly assigned false ratings to securities tied to subprime mortgages.
Connecticut's attorney general sued Moody's Investors Service and Standard & Poor's over ratings the pair issued on risky investments.
In the civil lawsuit filed Wednesday, Attorney General Richard Blumenthal alleged Moody's and S&P knowingly assigned false ratings to complex investments that pus
Learn more about reprints and licensing for this article.
