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Here are the six. This is an article excerpt: Moody’s Investor Services and S&P Global Ratings agreed to pay the heftiest fines, a $20 million civil pe

by jftuga 2y ago

Here are the six. This is an article excerpt: Moody’s Investor Services and S&P Global Ratings agreed to pay the heftiest fines, a $20 million civil penalty each. Fitch Ratings agreed to pay $8 million, A.M. Best Rating Services agreed to pay $1 million, HR Ratings de México, S.A. de C.V. $250,000, and Demotech agreed to pay $100,000, respectively.

r00fus 2y ago
Really a pittance compared to how much these organizations turn over on a quarterly basis... but it's a good start.
- AstroJetson 2y ago
  ... hourly basis in the case of Moodys.
  - ryandrake 2y ago
    It's 0.3% of their 2023 revenue. It's proportional to a $360 fine to a person who makes $120K. Not even remotely deterring. I'd be surprised if they even noticed it was gone.
    - stvltvs 2y ago
      It's a speeding ticket, might be enough to make the company think twice.
deleted 2y ago
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