Tag Archives: Credit rating

S&P is muzzled

S&P says it will not cut the US credit rating based on the failure of supercommittee to reach a debt reduction deal. The S&P downgraded US debt in August 2011 due to US debt ballooning out of control easily blowing … Continue reading

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Is S&P target of Justice probe – Is it retaliation for downgrade

The Justice Department is allegedly investigating the credit rating agency Standard & Poor’s for its ratings of mortgage related securities. S&P, along with rating agencies Moody’s and Fitch, have been widely blamed for helping to inflate the housing bubble that … Continue reading

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America’s Credit Rating Cut – Why are so many shocked?

It should not be lost on anyone, with the exception of Geithner, Bernanke and Greenspan (GBG) ¬†as to why S&P cut America‘s credit rating from AAA to AA. The country relies on foreigners to funds its deficits and has been … Continue reading

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