Standard & Poor's is facing scrutiny from the US Securities and Exchange Commission for how it rated a commercial-mortgage bond in 2011, three people with knowledge of the matter said.
The inquiry extends beyond the securities and period that are the subject of a lawsuit brought in February by the US Justice Department against New York-based McGraw Hill Financial Inc and its S&P unit, according to two of the people, who asked not to be identified without authorisation to speak publicly. Massachusetts has also looked into S&P's post-crisis methods, Bloomberg News reported February 21.
The inquiry extends beyond the securities and period that are the subject of a lawsuit brought in February by the US Justice Department against New York-based McGraw Hill Financial Inc and its S&P unit, according to two of the people, who asked not to be identified without authorisation to speak publicly. Massachusetts has also looked into S&P's post-crisis methods, Bloomberg News reported February 21.