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S&P settles remaining Australian civil cases from financial crisis

S&P Global Inc. settled its remaining civil cases in Australia relating to alleged investment losses in collateralized debt obligations rated by S&P Global Ratings.

The settlement of the civil cases filed against the company and certain subsidiaries is subject to court approval.

In addition, S&P Global and its units continue to defend civil cases emerging from ratings activities prior to and during the global financial crisis of 2008-2009. The resolution of these cases is reasonably likely not to have a material adverse effect on S&P Global's consolidated financial condition, cash flows, business or competitive position, according to the company.

S&P Global Market Intelligence is owned by S&P Global Inc.