Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Moody’s to pay $16.25M for internal controls failures and ratings symbols deficiencies

Jaclyn Jaeger | September 10, 2018

Credit rating agency Moody’s Investors Service has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and failing to clearly define and consistently apply credit rating symbols. It is the first time the Securities and Exchange Commission has filed an enforcement action involving rating symbol deficiencies.

Moody’s agreed to pay $15 million to settle...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.