Defendant Name: Moody's Investors Service, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 2018-169_34-83966

Document Details

Legal Case Name
Document Name SEC Charges Moody's With Internal Controls Failures and Ratings Symbols Deficiencies
Document Date 28-Aug-2018
Document Format Administrative Proceeding
File Number 3-18689
Allegation Type Other
Document Summary The Commission stated: "In the SEC's order relating to rating symbols, for 26 ratings of securities known as "combo notes" with a total notional value of about $2 billion, Moody's assigned ratings to combo notes in a manner that was inconsistent with other types of securities that used the same rating symbols."

Related Documents:

34-83966 28-Aug-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-And-Desist Order
According to the Commission: "This matter concerns Moody's failure to establish, maintain, enforce and document policies and procedures reasonably designed to clearly define and consistently apply credit rating symbols as required by the Exchange Act."

Related Actions:

In the Matter of Moody's Investors Service, Inc.
Moody's Investors Service, Inc.