Standard And Poor'S
Wednesday, September 18, 2013
Concerned that it might be losing out on business, a major ratings agency loosens its standards for analyzing bonds tied to home mortgages. Right away, clients start lining up for gold star, Triple-A ratings on these real estate bonds that might get a lower rating somewhere else. Sound familiar?
Tuesday, August 09, 2011
Stock markets went into a free-fall yesterday, witnessing drops reminiscent of the great economic collapse of 2008 that the world has still yet to recover from. The S&P 500 saw all of its stock fall and the Dow Jones industrials fell 634.76 points, the sixth worst drop in over a century. How informative is the S&P downgrade? What can we take from their assessment of Washington?
Monday, August 08, 2011
By Anna Sale
After Standard and Poor's downgraded the U.S. debt rating for the first time American history, reaction was swift, mixed, and like everything else involving fiscal policy these days, pointedly partisan.
Tuesday, April 19, 2011
[S&P doesn't] have a lot of credibility left after totally blowing all major calls of the past decade...The chance that the United States would not pay its debts after more than 200 years of being the best creditor in the world, that chance exists. It is quite remote in my assessment. But there's no question that S&P is trying to swing the other way and trying to get some attention from the left and right, and it's obviously working.
— Simon Johnson, former chief economist of the International Monetary Fund and professor at the MIT Sloan School of Management, on The Brian Lehrer Show.