Posts tagged CMBS rating.
The SEC and the Attorneys General of New York and Massachusetts this week fined Standard & Poor's almost $77 million, suspended S&P from conduit-fusion CMBS ratings work for a year and imposed other undertakings, for violations from 2010-2014. The SEC announced three settled administrative proceedings against the firm. The first settled charges that during 2010-2011 S&P changed the way it analyzed debt-service coverage ratios in a way that lessened credit-enhancement requirements in conduit-fusion commercial mortgage-backed securities (CMBS) issues. The SEC also found S&P ...
Posted in: SEC
Tags: Attorney General of Massachusetts, Attorney General of New York, CMBS, CMBS rating, MBS, RMBS, S&P, SEC, Standard & Poor