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SEC Declines to Sue Moody’s Over Inflated Ratings

August 31, 2010 – 11:32 pm

Moody’s Corp. chose not to downgrade inflated ratings on almost $1 billion of debt in 2007 out of concern for the company’s reputation, according to U.S. regulators who said they weren’t sure they had authority to sue.
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Tags: 1 Billion, Declines, Inflated, Moody&rsquos, Over, Photos Pictures, Ratings, Regulators, Reputation, Rsquo, S Corp, Sec