Posts Tagged ‘Standard & Poor’s’

AG Jim Hood wants portion of $46M litigation bounty to go for mental health efforts

By TED CARTER Call it a sharing of the spoils of war at an opportune time. Just as he qualifies for a reelection bid, Mississippi Attorney General Jim Hood is handing over around $46 million to Gov. Phil Bryant and the Legislature from legal settlements obtained from the likes of Standard & Poor’s, Merck & […] [...]

Mississippi to receive $33M from S&P settlement

by Published: February 3,2015

Tags: Business, Connecticut, Jim Hood, Mississippi, NEWS, S&P, Standard & Poor's

JACKSON — The state of Mississippi will receive $33 million from a national settlement with Standard & Poor’s over allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis in 2008. Attorney General Jim Hood says in a news release that Mississippi sued S&P in 2011, joining with […] [...]

Rating agencies keeping a close eye on state’s pensions

Mississippi state government ended fiscal 2012 with the same solid credit ratings with which it started the year. Whether the Magnolia State maintains its strong credit in the years to come could hinge on the effectiveness of measures to fund the Public Employees’ Retirement System of Mississippi, or PERS. The pension funding picture is expected […] [...]

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