Moody’s, S&P Said to Be Probed by N.Y. Over 2008 Accord
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Moody’s Investors Service, Standard & Poor’s and Fitch Ratings are being investigated by the New York Attorney General over whether they breached a 2008 settlement with the state, a person familiar with the matter said.
The companies reached an agreement with then Attorney General Andrew Cuomo that required them to adopt changes to their operations. Eric Schneiderman, the current attorney general, is probing whether they complied with the agreement, said the person, who wasn’t authorized to speak publicly about the probe and asked not to be identified.