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Friday, 27 May 2016

DoJ deals $4 bln-plus downgrade to S&P, Moody's

Triple-A threat

The rating firms’ successful legal defenses to date and a booming debt market may have persuaded shareholders that good times were back. But a U.S. government suit against S&P, though a long shot, is a sharp reminder that subprime sins haven’t been forgiven or forgotten.

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