Items Tagged with 'Standard & Poor'


Pension funds can sue Moody’s and Standard & Poor's

Credit-rating agencies in hot seat
The state Supreme Court ruled on Wednesday that California’s public employee pension system can sue Moody’s and Standard & Poor’s for hundreds of millions of dollars due to the high ratings they gave to investments that collapsed in 2007 to 2008.
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S&P receives wells notice over CMBS ratings

Tied to loans from 2011
Commercial-mortgage backed securities Standard & Poor graded in 2011 are under question after McGraw Hill Financial said it received a notice from the U.S. Securities and Exchange Commission that the regulator may seek an enforcement action.
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W.P. Carey merges with CPA 16

Obtains a senior unsecured credit facility
W.P. Carey Inc.’s merger with its publicly held, non-traded real estate investment trust affiliate, Corporate Property Associates 16 – Global Incorporated, officially closed on Jan. 31, growing the company’s equity market capitalization to approximately $5.9 billion.
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S&P fights case against credit ratings

Standard & Poor's told a judge that the firm's credit ratings are opinions protected by state law and should obtain the same protections as newspaper editorials. This is the firm's defense as it fights government claims over pre-housing crisis mortgage-backed securities ratings.
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