S&P faces possible SEC enforcement action on CDO rating

09/26/2011 | Wall Street Journal, The · Washington Post, The

The Securities and Exchange Commission issued a Wells notice to Standard & Poor's ratings regarding a collateralized debt obligation. The SEC's warning is the first of its kind against a credit rating agency related to the global financial crisis. The CDO, called Delphinus CDO 2007-1, was also rated by Moody's Investors Service and Fitch Ratings, but neither has received a Wells notice.

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Wall Street Journal, The · Washington Post, The

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