Ratings Agencies Sign Settlement Agreement With NY AG In Subprime Mortgage Probe

Reuters reports:

• Moody's Investors Service and other rating agencies have signed an agreement with the New York Attorney General Andrew Cuomo addressing rating practices, including fees, Moody's President Ray McDaniel said on Thursday. The New York Attorney General is expected to sign the agreement later on Thursday, said McDaniel, speaking at a Moody's investors conference in New York.

Source: Moody's says has signed agreement with NY AG.

See also:

• The New York Times: Rating Firms Seem Near Legal Deal on Reforms,
• Bloomberg News: Moody's, S&P Reach Settlement Agreement With Cuomo, People Say.