BUSINESS

Italian Police Raid Milan Offices Of Moody's And Standard & Poor's

08/07/2011 10:47 pm ET | Updated Oct 07, 2011

As stock and bond markets across the world tumbled on fears about Italy and Spain, it emerged that police acting on orders from prosecutors had raided the Milan offices of rating agencies Moody's and Standard & Poor's as part of continuing investigations into their role in the recent financial turmoil.

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