Standard & Poors Prepares For DoJ Fine on Low Side

Standard & Poors ratings agency, a division of McGraw Hill Financial Inc (NYSE:MHFI), announced Wednesday they are in “active discussions” with federal and state regulators to settle charges regarding ongoing investigations. In a statement received Friday, Standard & Poors said: “Standard & Poor’s Ratings Services is currently in active discussions to resolve matters pending before the Securities and Exchange Commission, including with respect to the previously disclosed “Wells Notice” received on July 22, 2014, as well as related investigations by the Attorneys General of New York and Massachusetts.” Standard & Poors and big banks claim ignorance when discussing derivatives issue…