S&P to pay $77 mln to settle US SEC, state charges over ratings
January 21, 2015 at 09:18 AM EST
WASHINGTON, Jan 21 (Reuters) - Credit-rating agency Standard & Poor's will pay $77 million to settle a series of civil charges over what U.S. and state regulators allege to be "fraudulent misconduct" in how it rated certain commercial mortgage-backed securities.