Standard and Poor's

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Standard and Poor's (S&P) is a credit rating service with a 150-year history of providing independent, quality assessments of how likely a company or government is to honor its financial obligations.

S&P downgraded the United States' credit rating from AAA to AA+ on August 5, 2011.[1] While this shows how the liberal policies of the Obama administration have failed us, it is important to note that S&P is one of the rating agencies that gave mortgage derivatives AAA ratings, which contributed to the current financial crisis.

References

  1. Credit ratings agency defends downgrade of US debt
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