S&P Could Announce SEC Settlement Tomorrow, DoJ Settlement Later in Quarter

Credit ratings agency Standard & Poors (S&P), who famously downgraded the credit rating of the U.S. government in the summer of 2011, will not be rating bonds in one of its most profitable markets in 2015. The firm has been suspended from rating activity in commercial mortgage bonds for one year as part of a $60 million settlement with the U.S. Securities and Exchange Commission, Bloomberg is reporting, citing a unnamed source familiar with the matter. The actual settlement announcement could be announced as early as tomorrow. S&P’s settlement will represent the toughest action since the market crash The settlement…