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Justice Department investigating Moody's for mortgage deal ratings: WSJ


    (Reuters) - The U.S. Justice Department is investigating Moody's Investors Services for issuing favorable grades on mortgage deals in the lead-up to the financial crisis, the Wall Street Journal reported on Sunday.

    The federal probe comes as the Justice Department nears a settlement with Standard & Poors Ratings Services over similar actions, the Journal reported.

    (Reporting by Suzanne Barlyn)