Tag Archives: standard & poor’s

US government sues Standard & Poor’s after AAA downgrade

standard & poors

The US government is blaming the financial crisis that catapulted the US into recession in 2007 on debt raters Standard & Poor’s. But by singling out S&P, the DoJ raises suspicions that it might be retaliating for a downgraded US credit rating. In a Monday evening filing in federal court, the US Justice Department introduced civil charges against S&P, one ... Read More »