Reuters: McGraw-Hill Stock Finds Fans After S&P Fraud Lawsuit
Reuters reported that the immediate impact to the stock valuations of credit ratings agencies from the U.S. government’s $5 billion civil fraud suit against Standard & Poor’s appears to be wearing off.
The article said shares of McGraw-Hill, the parent company of S&P, have recovered more than half of a 27% plunge last month following the filing of the Justice Department complaint. As of Tuesday, March 26, the stock had rebounded 18%, Reuters said.
To read the full Reuters article click here.
Previously on abfjournal.com:
To read the DOJ’s February 5 news release regarding the suit click here.