S&P Data-Fudging Began in 2004, U.S. Suit Says: TimelineEdvard Pettersson
A Standard & Poor’s analyst in 2004 sent an e-mail to executives at the rating company’s structured-finance group. It had lost a job to Moody’s rating a mortgage-backed security because S&P criteria were more demanding, and something had to be done, the analyst allegedly wrote.
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