REPORT: S&P Could Become First Ratings Agency To Get Sued For Their Actions Before The Financial Crisis

standard and poor

Standard & Poor’s could get sued by federal and state officials over rating mortgage bonds before the financial crisis, according to the Wall Street Journal.

The WSJ reports that the Justice Department and some state officials are planning to file civil charges against Standard & Poor’s as early as this week, according to unnamed sources familiar with the situation. 

The allegations have to do with a model S&P used to rate mortgage bonds, the report said.

Read the full report at the Wall Street Journal >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at