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US launches civil action against S&P

 The US government has launched a civil lawsuit against Standard & Poor's and parent The McGraw-Hill Companies Inc over mortgage bond ratings, the first federal enforcement action against a credit......

Buffett to testify on Moody's

 Billionaire investor Warren Buffett will testify on rating agency Moody's to a crisis panel looking into the role of rating firms in the financial crisis, a media report said. According to the......

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