Defendant Name:
Morningstar Credit Ratings, LLC
Defendant Type:
Subsidiary of Public Company
Document Reference:
2021-29
Document Details
Legal Case Name
SEC v. Morningstar Credit Ratings, LLC
Document Name
SEC Charges Ratings Agency with Disclosure And Internal Controls Failures Relating to Undisclosed Model Adjustments
Document Date
16-Feb-2021
Document Format
Civil Proceeding
Case Number
21-cv-01359
Federal District Court
New York, Southern District of New York
Allegation Type
Other
Document Summary
The SEC stated that: "[It] filed a civil action alleging that former credit ratings agency Morningstar Credit Ratings LLC violated disclosure and internal controls
provisions of the federal securities laws in rating commercial mortgage-backed securities (CMBS)."