NU Online News Service, Sept. 17, 3:44 p.m. EDT
Credit rating agencies, which are set to answer questions before insurance regulators next week, are being investigated by the California Attorney General's Office, it was announced.
California Attorney General Edmund G. Brown Jr. issued a statement saying he had issued subpoenas to Standard & Poor's, Moody's Investors Service and Fitch Ratings to determine whether the firms violated California law when they recklessly gave "stellar ratings to shaky assets."
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