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KM Financial Solutions | S&P pays $157 mln to settle landmark Australian lawsuit
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S&P pays $157 mln to settle landmark Australian lawsuit

29 Aug S&P pays $157 mln to settle landmark Australian lawsuit

Posted at 05:50h in News by
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Ratings firm Standard & Poor’s
paid A$215 million ($157 million) to settle a lawsuit in
Australia where it was accused of overlooking risks when
awarding high ratings to opaque investments that imploded in the
global financial crisis.

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