McGraw Hill Financial Names Peterson President/CEO

McGraw Hill Financial said its board of directors has elected Douglas Peterson president and chief executive officer, effective November 1, 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.

S&P Suit Imperials McGraw-Hill Profit Gain

Bloomberg reported that U.S. prosecutors are seeking more than five years’ worth of McGraw-Hill’s profit as punishment for its S&P unit’s inflated grades that contributed to the worst financial crisis since the Great Depression.

McGraw-Hill, S&P Sued Over Mortgage-Bond Ratings

Bloomberg reported that McGraw-Hill and its S&P unit were sued by the U.S. over claims S&P knowingly understated the credit risks of bonds and derivatives that were central to the worst financial crisis since the Great Depression.