- Associated Press - Tuesday, February 3, 2015

PHOENIX (AP) - Arizona Attorney General Mark Brnovich says the state will receive $21.5 million under a settlement between Standard & Poors and the federal government, 19 states and the District of Columbia.

The $1.38 billion settlement is intended to settle government allegations that S&P; knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis.

The U.S. Justice Department announced S&P;’s settlement Tuesday. It involves ratings issued from 2004 through 2007 by the McGraw Hill Financial subsidiary.

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