File photo of the Standard and Poor building in New York

 
File photo of the Standard and Poor building in New York
The Standard and Poor's building is pictured in New York, in this file photo taken August 2, 2011. U.S. regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured. The possible action could be the first by the United States against one of the major credit rating agencies, which have been accused of enabling the lending excesses that led to the subprime mortgage crisis in 2008. REUTERS/Brendan McDermid/Files (UNITED STATES - Tags: POLITICS BUSINESS CRIME LAW)