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U.S. to sue S&P over mortgage bond ratings

    WASHINGTON (Reuters) - The Justice Department plans to sue Standard & Poor's over its ratings in 2007 of some mortgage bond deals, the ratings agency said on Monday.

    The unit of McGraw-Hill Cos Inc said the lawsuit "would be entirely without factual or legal merit."

    (Reporting By Sarah N. Lynch and Aruna Viswanatha; Editing by Gerald E. McCormick)

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