Standard and Poors

News

Italy’s Sovereign Debt Rating Cut by S&P, Calls for Berlusconi to Resign.

Not that this is shocking news to anyone who has been following the story of Italy’s sovereign debt crisis, but always reliable US firm Standard and Poor’s has cut Italy’s debt rating on fears that its economy will slow, thus hampering its ability to effectively repay its debts. The cut is from A+ to A. […]

L.A. fires Standard and Poor’s from evaluating investments.

The wrath of government continues to be poured out upon S&P for proclaiming the US AA+ instead of AAA. It’s all tied together. That and the egregious errors with the mortgages and Lehman Brothers. Yeah, it’s not been a good year for S&P.

Remember all those mortgage-backed securities? S&P rated them all stellar investments.

Now they are reaping the rewards of their downgrade of US sovereign debt. The Justice Department announced an inquiry into the ratings process and any potential conflicts of interest that may arise therein with regard to Standard and Poor’s high ratings of the now infamous mortgage backed securities that brought the world economy to its […]