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Regulatory

S&P denied appeal over landmark ruling

Ratings agency S&P has been denied leave to appeal a Federal Court ruling in favour of 91 council, charities and church groups which lost at least $180 million when AAA-rated investments went sour in the wake of the global financial crisis.

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Read more: S&PFederal CourtAustraliaJustice Stephen RaresRegulatoryAAABentham IMFGFCLehman BrothersMay 7 ruling