S&P says it expects to be sued by Justice Department over its ratings of mortgage-backed bonds

  • by: MARCY GORDON and DANIEL WAGNER , Associated Press
  • Updated: February 4, 2013 - 6:42 PM

WASHINGTON - The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.

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