News release: “Attorney General Richard Blumenthal today sued two of the nation’s largest credit rating agencies — Moody’s and Standard & Poor’s — for knowingly assigning tainted credit ratings to risky investments backed by sub-prime loans. Blumenthal said Moody’s and S&P’s alleged misconduct enabled the worst economic downturn in the nation since The Great Depression. The lawsuits, unique and unlike others filed on behalf of specific investors or pension funds, are sovereign enforcement actions brought under the Connecticut Unfair Trade Practices Act.”