Three Standard & Poor’s entities in England and the United States are being being sued for $5.1 billion in the Cayman Islands regarding alleged investment losses suffered by Fortis Bank as a result of ‘deceitful’ S&P ratings of collateralized debt obligations.
Articles Belgium England Featured Fraud Investment United Kingdom USAFebruary 19, 2023
S&P sued for $5B in Cayman for ‘investment losses caused by deceitful CDO ratings’
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Belgium England Fraud Investment USAKeywords
Fortis Bank Royal Park Investments S&P Standard & Poors