The US Justice Department plans to sue Standard & Poor's over its rating of mortgage bonds prior to the 2008 financial crisis, S&P said.
The Standard & Poor's rating agency headquarters in New York on September 18, 2012. The US Justice Department plans to sue S&P over its rating of mortgage bonds prior to the 2008 financial crisis, S&P said.
The suit, according to S&P, targets its ratings in 2007 of certain collateralized debt obligations, packages of mortgages sold to investors that were at the center of the the 2008 financial crisis sparked by the US housing collapse.
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