By Ed Beeson (January 21, 2015, 9:13 AM EST) -- Standard & Poor's Ratings Services was hit Wednesday with a one-year suspension on rating certain mortgage-backed securities as part of a $77 million settlement the McGraw-Hill Financial Inc. unit reached with the U.S. Securities and Exchange Commission and state attorneys general in New York and Massachusetts.
The SEC hit S&P with three enforcement orders, while the ratings agency reached separate accords with New York and Massachusetts authorities. In one SEC action, S&P agreed to a one-year ban on rating so-called conduit commercial mortgage-backed securities over disclosures it made when it said it would use one rating methodology for the deals, when in...
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