S&P Pays $1.5bn over Sub-Prime Mortgage Ratings

Standard and Poors will pay $1.5 billion for falsely representing the quality of bundled mortgage products prior to the 2008 financial crisis.

The deal settles a lawsuit by the US Department of Justice and several US states.

From Washington, Daniel Ryntjes reports...

IN: Prior to the financial crisis...
OUT: SOC
DUR: 46"

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