Wednesday October 21, 2020

Standard & Poor’s feels Federal heat after downgrade of the US

The investigation into S&P probably began before the downgrade, but the agency is still facing widespread criticism, writes Niall Stanage, in Washington DC

20th August, 2011

It would be easy to see a conspiracy afoot in last week’s news that the US Department of Justice was apparently investigating credit ratings agency Standard & Poor’s (S&P)f or alleged misdeeds.

After all, earlier this month, S&P inflicted upon the United States the first downgrade in its history.

Its decision incurred the wrath of US government officials - and those critics, perhaps understandably, made a...

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