Justice Department probing Moody’s for mortgage deal grades

Justice Department probing Moody’s for mortgage deal grades: WSJThe federal probe of the ratings agency, a unit of Moody’s Corp (MCO.N), comes as the Justice Department nears a settlement with Standard & Poor’s Ratings Services, a unit of McGraw Hill Financial Inc (MHFI.N), over similar conduct, the Journal reported. Justice Department officials could not be immediately reached for comment by Reuters on Sunday.

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