Yet another attorney general has announced mistrust in Standard & Poor's (S&P), Moody’s and Fitch. Ohio Attorney General Richard Cordray http://www.ohioattorneygeneral.gov has filed a lawsuit against the national securities and credit ratings agencies over what the AG's office called "false and misleading" securities information.
This comes just months after California Attorney General Edmund Brown Jr. launched an investigation into the three credit rating agencies' role in fueling the financial crisis, and the Securities and Exchange Commission (SEC) voted to increase oversight credit ratings agencies.
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