Reports: S&P to be hit with SEC ban from mortgage market

Standard & Poor's (S&P) is due to be suspended from
rating bonds in the biggest portion of the commercial mortgage
market as part of a $60mn settlement with the US Securities
Exchange Commission (SEC), Bloomberg has reported.
It is thought that the forthcoming deal, reported last night (20
January), could be announced as soon as today, and is the strongest
action yet from the SEC over ratings agencies' role in the
financial crisis.
A number of (re)insurers continue to invest...