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Tag Archives: Australia: S&P misled investors

Trouble Looms for S&P Down-Under

An Australian Federal Court Judge found S&P has misled and deceived investors when it awarded its highest credit rating to CPDOs whose value collapsed ahead of the financial crisis.  S&P now faces the prospect of further legal action in Australian courts over the rating of risky structured products after a litigation specialist said it would back a class action lawsuit.  ... Read More »