US SEC charges six credit rating agencies with recordkeeping failures

Moodys

03/09/2024 21:48

WASHINGTON, Sept 3 (Reuters) - The U.S. Securities and
Exchange Commission on Tuesday charged six credit rating
agencies with "significant recordkeeping failures." 
    The agencies are Moody's Investors Service  MCO.N , S&P
Global Ratings  SPGI.N , Fitch Ratings, HR Ratings de Mexico,
A.M. Best Rating Services and Demotech.
    The SEC said the agencies acknowledged that their conduct
violated recordkeeping provisions of federal securities laws and
agreed to pay combined civil penalties of more than $49 million.

 (Reporting by Jasper Ward; Editing by Eric Beech)
 ((Jasper.Ward@thomsonreuters.com;))