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Standard & Poor's misled investors - Australian court

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Image from a quicklink S&P gave its safest credit rating, AAA, to complex and risky securities, which later lost most of their value. In what is regarded as a landmark ruling, the court ordered S&P and the bank which arranged the product, ABN Amro, to pay damages to investors. S&P said it planned to appeal against the decision.

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At www.bbc.co.uk

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