sandp

Seems they're getting the blame for the Great Recession. $5B for a $1B company, nasty if they lose and that's not counting what they'll have to pay the other 17. U.S. government slams S&P with $5 billion fraud lawsuit | Reuters

S&P just minutes ago downgraded the US from AAA to AA+. source: http://www.reuters.com/article/2011/08/06/us-usa-debt-downgrade-idUSTRE7746VF20110806

Stocks are tumbling this morning as Standard and Poor's changed the US credit rating outlook to negative, signaling a potential cut should the US not do more about its debt. This should be interesting with the debt ceiling debate about to go into full swing.

...and here we go again. Standard & Poor's downgraded Ireland to AA- earlier today as the country's debt problems seem to be worsening. Government expenditures, many dealing with their housing crisis, have continued to mount and S&P hiked it's estimate on Ireland's bank recapitalization plan...