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2012-11-06 — bbc.co.uk
Federal Court Justice Jayne Jagot said that both S&P and ABN Amro were "misleading and deceptive" in the rating of two structured debt issues in 2006, which she agreed were "grotesquely complicated".
She said the agency had published false information and given "negligent misrepresentations" to potential investors about the riskiness of two financial products.
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