DOJ Charges Standard & Poor’s: What About Moody’s?

DOJ lawsuits don’t come bigger than today’s. The Department of Justice sued The McGraw-Hill Companies, Inc. (NYSE:MHP) subsidiary Standard & Poor’s for inflating the value of mortgage bonds artificially in the years leading up to the 2008 financial crisis. The real question is whether or not the DOJ is ready to go after Moody’s Corporation (NYSE:MCO) next. The market is clearly readying itself for that eventuality. Moody’s Corporation (NYSE:MCO) shares have fallen by more than 8% in trading today, as the knock on effect from the DOJ lawsuit on Standard & Poor’s hit the company, and investor confidence was shaking….