The Traderszone Network

Published in TZ Latest News 1 February, 2015 by The TZ Newswire Staff

Justice Department probing Moody’s for mortgage deal grades: WSJ

The federal probe of the ratings agency, a unit of Moody’s Corp (MCO.N), comes as the Justice Department nears a settlement with Standard & Poor’s Ratings Services, a unit of McGraw Hill Financial Inc (MHFI.N), over similar conduct, the Journal reported. Justice Department officials could not be immediately reached for comment by Reuters on Sunday. Former Moody’s executives and Justice Department officials have been meeting to discuss ratings of complex securities prior to the 2008 financial crisis, the Journal reported.