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S&P faces SEC probe on 2011 commercial-mortgage bond

Massachusetts has also looked into S&P's post-crisis methods

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Bloomberg
Standard & Poor's is facing scrutiny from the US Securities and Exchange Commission for how it rated a commercial-mortgage bond in 2011, three people with knowledge of the matter said.

The inquiry extends beyond the securities and period that are the subject of a lawsuit brought in February by the US Justice Department against New York-based McGraw Hill Financial Inc and its S&P unit, according to two of the people, who asked not to be identified without authorisation to speak publicly. Massachusetts has also looked into S&P's post-crisis methods, Bloomberg News reported February 21.
 

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First Published: Aug 08 2013 | 11:50 PM IST

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