the credit rating Agency Moody’s has reached a settlement with the US authorities to pay close to 864 million u.s. dollars (equivalent to sek 7.7 billion). Moody’s has been accused of improper valuation of the credits for home loans that helped trigger the financial crisis in 2008, according to the U.S. department of justice.
About half of the money paid in fines to the justice department, and the other half to 21 states and the helsinki metropolitan area the District of Columbia. Moody’s are even forced to go on the changed procedures to prevent a similar situation in the future, among other things, that analysts shall be held outside of the business discussions in the company.
The leading credit rating agency Standard & Poor's paid 1,38 billion dollars (the equivalent of 12.3 billion kronor) in a similar deal in 2015.
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