S&P Global reaches settlement with SEC

S&P Global Ratings, a division of S&P Global, announced that it has reached a settlement with the U.S. Securities and Exchange Commission to resolve an SEC investigation involving the ratings assigned to a single residential mortgage-backed securities transaction in 2017. The matter was previously disclosed by S&P Global in its public filings. As part of the resolution, in which SPGR did not admit or deny the allegations, the company agreed to pay a penalty of $2.5M. In the SEC’s order, the SEC acknowledged SPGR’s remedial acts and its cooperation with the SEC staff. SPGR is pleased to have concluded this matter. SPGR takes compliance with regulatory obligations very seriously and is committed to the integrity of its ratings process and high-quality independent credit ratings.