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Tag: S&P

Calif. Joins Lawsuits Against Standard & Poor’s Over Mortgage Crisis

February 5, 2013 | 11:47 am

Calif. Joins Lawsuits Against Standard & Poor’s Over Mortgage Crisis

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California Attorney General Kamala Harris on Tuesday joined the U.S. Justice Department and 12 other states in suing Standard & Poor’s credit rating agency for allegedly inflating its ratings of mortgage-backed securities. The suit claims that S&P’s inaccurate ratings caused California’s public pension funds and other investors to lose billions of dollars. “They misrepresented their […]

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January 31, 2013 | 1:23 pm

California’s Bond Rating Upgraded by S&P, But Still 2nd Worst in Nation

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by Laird Harrison and Jon Brooks Take that, California-fiscal-situation-basher Mitt Romney. It’s not just Gov. Jerry Brown who thinks the state’s future looks bright — or at least brighter. California’s improved budget has prompted Standard & Poor to upgrade its rating of the state’s long-term debt from A- to A. But don’t start pushing for […]

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