Standard & Poor's misled investors - Australian courtQuicklink submitted by Sheila Samples Permalink
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|S&P gave its safest credit rating, AAA, to complex and risky securities, which later lost most of their value. In what is regarded as a landmark ruling, the court ordered S&P and the bank which arranged the product, ABN Amro, to pay damages to investors. S&P said it planned to appeal against the decision.|
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