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Connecticut to sue credit rating firms for ‘reckless’ work

Connecticut plans to join Ohio in suing credit-rating companies for "negligent, reckless and incompetent work" in grading debt purchased by state pension funds, according to Attorney General Richard Blumenthal. Connecticut and "a number of other states" are preparing legal action against Standard & Poor's, Moody's Corp. and Fitch Ratings, Blumenthal said Wednesday in a Bloomberg Television ...

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