Canada: Moody’s agency slapped with $864 million penalty over shoddy mortgage bond ratings
A top ratings agency will pay nearly $864 million to resolve allegations that it habitually inflated ratings of shoddy residential mortgage-backed securities in order to win contracts. Read more on: www.canadianrealestatemagazine.ca
Source : Canada: Moody’s agency slapped with $864 million penalty over shoddy mortgage bond ratings