Talks are fluid, but the pact under discussion involves a suspension of S&P, for several months or possibly a year, from rating some deals, the people said. However, the suspension would be narrowly focused on what are known as “conduit” deals, which pool mortgages secured by commercial properties. The New York-based company already has seen its once-dominant position in that sector diminish….
Besides a potential suspension, S&P is expected to receive a fine of at least $60 million, the people said.
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