Daily News: March 28, 2013

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:

S&P Suit Imperils McGraw-Hill Profit Gain, Friday, February 08, 2013

To read the DOJ’s February 5 news release regarding the suit click here.