Connecticut AG issues subpoenas to rating firms

10/29/2007 | Wall Street Journal, The

Connecticut Attorney General Richard Blumenthal has issued subpoenas to Standard & Poor's Ratings Service, Moody's Investors Service and Fitch Ratings Service as part of an antitrust investigation. "My investigation seeks to determine whether credit-rating agencies may be exploiting their dominant positions to unfairly raise prices or exclude competitors," Blumenthal said.

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