YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The U.S. Securities and Exchange Commission has fined six credit rating agencies to the tune of $49 million.
The SEC cited the companies' “significant failures” to keep electronic communications.
Moody’s Investor Services and S&P Global Ratings each are paying $20 million in civil penalties. Fitch Ratings reportedly agreed to pay $8 million, with A.M. Best Rating Services at $1 million, HR Ratings de México, S.A. de C.V. at $250,000 and Demotech at $100,000.
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