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A trader waits on a nearly empty trading floor at the New York Stock Exchange (NYSE) after trading was halted due to a 'technical glitch' in New York City.(AFP)

Ratings agency Moody’s to pay $16 mn over flawed credit ratings

By HT Correspondent | AFP, Washington
PUBLISHED ON AUG 28, 2018 10:39 PM IST
Moody’s failed to establish and enforce proper internal controls for models used to rate mortgage backed securities between 2010 and 2013, says regulator.
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