Feds to sue Moody’s over mortgage securities ratings The Department of Justice plans to sue Moody’s over valuations the company assigned to mortgage-backed securities in the run-up to the nation’s financial crisis in 2008, the financial ratings giant said Friday. Investors sent Moody’s (MCO) shares down more than 5.4% or $5.85 to a $102.24 close. Prosecutors wrote in a … Read more