S&P Ends Legal Woes Paying $1.5 Billion Fine to U.S., States

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Standard and Poor's headquarters in New York.

Photographer: Scott Eells/Bloomberg

Standard & Poor’s $1.5 billion settlement today will let the world’s biggest ratings company move beyond a bruising legal battle over the top grades it gave to subprime-mortgage bonds, though at a more painful price than those paid by big banks that assembled those securities.

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