S&P, U.S. Justice Department likely to enter $1.37 billion settlement: WSJ

Jan 29, 2015 04:07 AM EST

Standard & Poor's and the U.S. Department of Justice are likely to enter into a $1.37 billion settlement as early as Thursday, the Wall Street Journal reported on Wednesday.

The Justice Department in February 2013 sued the ratings company for what the agency said were misleading ratings of residential mortgages leading up to the 2008 financial crisis.