Moody’s, S&P Caved to Goldman, UBS Mortgage Pressure

Moody’s, S&P Caved to Goldman, UBS Mortgage Pressure

Gianluca Colla/Bloomberg

Moody’s Investors Service and Standard & Poor’s adjusted the way they graded securities after Goldman Sachs Group Inc., UBS AG and at least six more banks pressured them, according to a U.S. Senate report.