Credit rating agency Moody's revealed last week that New York's attorney general, Eliot Spitzer has broadened his investigation into corporate governance and other matters in the US financial services industry to include its own policies and practices.
Stating its intention to "continue cooperating" with the AG, Moody's announced last Friday that Mr Spitzer's office issued subpoenas earlier this year seeking information on the rating of certain mortgage-backed securities and credit enhancement evaluations undertaken over a three year period from June 2000.
Additional data regarding the firm's rating of reinsurance companies from 1999 onward was also requested more recently, according to Moody's.
According to a New York Times report published in the wake of the Moody's announcement, none of the five other nationally recognised credit rating agencies have received similar requests from Mr Spitzer's office thus far.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment