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S&P Said to Face SEC Probe on 2011 Commercial-Mortgage Bond

Standard & Poor’s is facing scrutiny from the U.S. Securities and Exchange Commission for how it rated a commercial-mortgage bond in 2011, three people with knowledge of the matter said.

The inquiry extends beyond the securities and period that are the subject of a lawsuit brought in February by the U.S. Justice Department against New York-based McGraw Hill Financial Inc. and its S&P unit, according to two of the people, who asked not to be identified without authorization to speak publicly. Massachusetts has also looked into S&P’s post-crisis methods, Bloomberg News reported Feb. 21.