Standard & Poor's Archives - South Bend Voice

Mayor Touts South Bend’s AA Credit Rating

ByKyle W. Bell February 10, 2015February 12, 2015

Mayor Pete Buttigieg sounded mostly upbeat about South Bend’s financial health during an annual fiscal address to the Common Council on Monday night. “South Bend once again has one of the top bond ratings in the state, showing that our fiscal discipline and tough choices are paying off for taxpayers,” Buttigieg says. “The City must…

Indiana | National

S&P Pays $1.4B in Fraudulent Ratings Settlement

ByKyle W. Bell February 3, 2015February 4, 2015

The financial ratings firm Standard & Poor’s has struck a settlement agreement with the Justice Department and 19 states — including Indiana — in a case that alleged the company defrauded investors. The lawsuit alleged that S&P allowed lucrative fees from investment banks to shape its analysis of those company’s products, despite claiming that its…