A Moody’s sign is displayed on 7 World Trade Center, the company’s corporate headquarters in New York, February 6, 2013.Moody spokesman Michael Adler and Justice Department spokeswoman Adora Andy declined to comment for this story.Moody in the past has defended itself against similar allegations, including a 2011 congressional report that concluded the major ratings agencies manipulated ratings to drive business.The firm previously said Moody takes the quality of its ratings and the integrity of the ratings process very seriously. It also said the firm has protections in place to separate the commercial and analytical aspects of its business. Justice Department filed a $5 billion lawsuit against S late on Monday and accused it of an egregious scheme to defraud investors in the run up to the financial crisis, fueled by a desire to gain more business.
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