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Exclusive - Moody's reaches $850-million-plus accord over pre-crisis ratings: source

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Reuters NEW YORK

NEW YORK (Reuters) - Moody's Corp has agreed to pay over $850 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, according to a person familiar with the matter.

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(Reporting By Karen Freifeld; Editing by Bernard Orr)

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First Published: Jan 14 2017 | 5:00 AM IST

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