Moody's, S&P, Fitch Subpoenaed In Antitrust Probe

By Sam Schulz

Law360, New York (October 26, 2007, 12:00 AM ET) -- As the nationwide probe into the credit rating industry's alleged role in the subprime collapse widens to examine potential anti-competitive conduct, Connecticut's attorney general has subpoenaed the three major ratings agencies, his office said Friday.

Richard Blumenthal issued his subpoenas to McGraw-Hill Cos. Inc.'s Standard & Poor's, Moody's Corp.-helmed Moody's Investors Service and Fimalac SA-owned Fitch Ratings on Oct. 10, his office confirmed.

With the subpoenas, he said he hoped to gather information so he could determine whether the companies had exploited their dominant positions to...
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