DOJ Seeks Egan-Jones Records in Probe of Billions Tied to Mark Walter Businesses

3 articles · Updated · Bloomberg · Aug 20

Federal investigators sought records and insights from Egan-Jones as they examined how billions of dollars in financing from Mark Walter-linked insurance companies may have supported his other businesses.
More than a fifth of the insurers’ bond assets carried the only known ratings from Egan-Jones, making the small credit rater a key source for understanding how those investments were assessed.
The records request shows the DOJ is tracing the financing chain behind the insurers’ bond holdings and how that capital may have been routed within Walter’s broader business empire.

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