The ratings agency’s fine is the second-largest ever paid to the federal government, after rival S&P’s similar settlement in 2015. Moody’s Investors Service and Moody’s Analytics , the credit rating and credit analysis businesses of Moody’s , will pay a fine totaling nearly $863.8 million to settle misconduct allegations regarding the company’s ratings during the buildup to the 2008 financial crisis.
Category: Moodys
Nobody Traded When JPMorgan Put Chicago School Debt Up for Sale
JPMorgan Chase & Co. offered a crucial lifeline to the ailing Chicago Public Schools by purchasing almost $1 billion of short-term notes from the junk-rated system in the last four months.