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Standard & Poor's Misled Investors - Australian Court

Wednesday, November 7, 2012 - 8:07 AM
Australia's Federal Court has ruled that credit ratings agency Standard & Poor's (S&P) misled investors before the global financial crisis. S&P gave its safest credit rating, AAA, to complex and risky securities, which later lost most of their value.

BBC News - Standard & Poor's misled investors - Australian court
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ShorebreakShorebreak2,621 posts since
Apr 6, 2010
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