Daily News: April 5, 2013

Bloomberg: Moody’s CDO Grades in S&P Suit Almost ‘Identical’

Bloomberg reported, citing researcher Height Analytics, that Moody’s issued “virtually identical” grades on the same CDOs that prompted the DOJ to sue Standard & Poor’s.

The article added that Moody’s, which hasn’t been sued for fraud, has been under investigation by the DOJ since at least July 2011.

To read the Bloomberg article click here.

To read S&P’s statement that the DOJ lawsuit is unjustified and without legal merit click here.

Previously on abfjournal.com:

WSJ: S&P Seeks to Merge AG Suits Into One, Thursday, March 28, 2013