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.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access