Wikinews

S&P does not have crediblity

From Comments:Standard & Poor's lowers the U.S. credit outlook to 'negative'

S&P does not have crediblity

While I agree with the point that our spending has been out of control, note that this is the same S&P that was rating subprime mortgages as AAA back in 2006. Why is S&P considered a credible source of ratings by wikinews?

173.59.82.182 (talk)‎05:25, 22 April 2011

You are right. S&P is one of the main credit rating agencies. We will see what the others do. (But they were all rating subprime mortgages as AAA back in 2006.)

Mattisse (talk)‎11:40, 22 April 2011
 
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