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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: Fitch Ratings

Fitch Ratings stories: 2 news summaries

Ohio Sues Credit Rating Agencies for Role in Crisis

Moody's, S&P, Fitch lied about risk of toxic securities, AG charges

Nov 20, 09 3:29 PM CST
(Newser) - Ohio's attorney general sued the three biggest credit-rating agencies today on behalf of state employee retirement funds that lost $457 million in complex securities that imploded in the financial crisis. Richard Cordray alleges Moody's, Standard & Poor's, and Fitch conspired with issuers of the high-risk investments to give top ratings... More »

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Ohio • Standard and Poor • Moody's • Fitch Ratings

(Newser) - Until the day Lehman Brothers declared bankruptcy, all three of the major credit-ratings agencies swore its debt was safe, rating it A or better. They rated AIG at AA. And they gave 75% of the $3.2 trillion of subprime mortgage securities iron-clad AAA ratings. Moody’s, S&P and... More »

MORE ABOUT:
subprime mortgages • Lehman Brothers • AIG • mortgage backed securities • Standard and Poor • Moody's • Triple-A credit rating • credit rating • ratings agencies • Fitch Ratings

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