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FEB 05, 2013 - San Francisco Chronicle

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Iowa joins multistate lawsuit effort against S&P

Iowa joins multistate lawsuit effort against S&P DES MOINES, Iowa (AP) — Iowa has filed a consumer fraud lawsuit against a credit rating agency accused of improperly giving high ratings on risky mortgage investments. Attorney General Tom Miller announced Tuesday that the state's lawsuit in Polk County District Court against Standard & Poor's Ratings Services is part of a coordinated civil law enforcement effort with other states.

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