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The Boston Globe

Business

SEC penalizes credit-rating agency

NEW YORK — The Securities and Exchange Commission has barred Egan-Jones Ratings Co. from rating governments and issuers of other types of bonds as a recognized agency for at least 18 months.

The SEC said Tuesday that the independent credit-rating agency agreed to the measure to settle charges that it had made false statements when applying to become a ‘‘Nationally Recognized Statistical Rating Organization’’ in 2008.

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