The president of Standard & Poor’s, the credit ratings company that downgraded the U.S. credit rating, is stepping down. S & P’s parent company, McGraw Hill, announced that Deven Sharma will be replaced by current Citibank Chief Operating Officer Douglas Peterson. Peterson will take control on September 12 while Sharma will stay on as an […]
Standard & Poor’s President To Leave at Year’s End
Posted August 23rd, 2011 at 2:35 am (UTC-5)
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S&P Sees No Immediate Danger of Downgrading Asian Economies
Posted August 7th, 2011 at 11:10 pm (UTC-5)
Credit rating agency Standard and Poor’s assured global investors Monday that its historic downgrade of the U.S. credit rating would have no immediate impact on Asia-Pacific sovereign ratings, but could have a negative impact in the long run. S&P lowered its rating for U.S. government debt on Friday to AA+ from AAA . In a […]
