Canada: Moody’s agency slapped with $864 million penalty over shoddy mortgage bond ratings

Moodys (500 x 322)

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