CHICAGO — Ohio Attorney General Richard Cordray filed a lawsuit in federal court Friday accusing the three major rating agencies of colluding with banks and issuers of mortgage-backed securities by inflating ratings on the debt, leading to major market losses for investors like Ohio’s pension and retirement funds.

The state claims that Fitch Ratings, Standard & Poor’s, and Moody’s Investors Service played a central role in the recent market collapse by assigning top marks to risky debt in order to earn more fees from issuers.

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