Quicken Loans’ S&P Rating Unaffected by Lawsuit Dismissal. Standard & Poor’s said a federal judge’s decision to dismiss a lawsuit by Quicken against the Department of Justice has not affected the lender’s ratings. According to the rating agency, Quicken’s rating remains at BB/Stable. Quicken’s lawsuit claimed that the government altered the method in which the FHA reviews loans and pressured the company to pay an “inexplicable penalty.” Although the penalty may be “inexplicable” in relation to the alleged violations, it would not be enough of a justification to alter Quicken’s current rating, S&P said. To affect the rating or outlook on Quicken, the penalty would have to be in the hundreds of millions of dollars or have severe restrictions on the types of mortgages Quicken could continue to originate, S&P explained. However, S&P believes such ...