Major ratings agencies face N.Y. investigation, source says

02/8/2013 | Reuters · Bloomberg

Standard & Poor's, Moody's Investors Service and Fitch Ratings are facing an investigation by New York Attorney General Eric Schneiderman, a source says. Schneiderman's move follows a U.S. Justice Department lawsuit against S&P over its rating of mortgage bonds before the global financial crisis. The Justice Department's decision to sue S&P and not other rating agencies has prompted questions and speculation among investors and other market participants.

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