U.S. to sue S&P over mortgage bond ratings

WASHINGTON Mon Feb 4, 2013 2:34pm EST

WASHINGTON Feb 4 (Reuters) - The U.S. Justice Department plans to sue Standard & Poor's over its ratings in 2007 of some mortgage bond deals, the ratings agency said on Monday.

The unit of McGraw-Hill Cos Inc said the lawsuit "would be entirely without factual or legal merit."

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