U.S. to sue S&P over mortgage bond ratings
Posted : Monday, 04 February 2013 02:04PM
WASHINGTON (Reuters) - The Justice Department plans to sue Standard & Poor's over its ratings in 2007 of some mortgage bond deals, the ratings agency said on Monday.
The unit of McGraw-Hill Cos Inc <MHP.N> said the lawsuit "would be entirely without factual or legal merit."
(Reporting By Sarah N. Lynch and Aruna Viswanatha; Editing by Gerald E. McCormick)
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