Moody’s To Pay $864 Million For Role In 2008 Financial Crisis

Moody’s Corporation has agreed to pay nearly $864 million to settle federal and state claims over its role in the 2008 financial crisis. The credit ratings agency, along with its peers Standard & Poor’s and Fitch, was widely criticized for giving inflated ratings to risky mortgage-backed securities and collateralized debt obligations (CDOs) in the years leading…