Changes

'''Standard and Poor's''' 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.

'''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.

The United States credit rating has been downgraded from AAA to AA+ by this rating adgency<ref>http://www.foxnews.com/politics/2011/08/06/credit-ratings-agency-defends-downgrade-us-debt/</ref> as of August 5th, 2011. While this shows how the liberal policies of the Obama administration has failed us, it is important to note this is one of the same rating agencies that were giving Mortgage Derivatives AAA ratings. These ratings led to be a part of the current financial crisis.  

S&P downgraded the United States' credit rating from AAA to AA+ on August 5, 2011.<ref>[http://www.foxnews.com/politics/2011/08/06/credit-ratings-agency-defends-downgrade-us-debt/ Credit ratings agency defends downgrade of US debt]</ref> 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.

[[category:finance]]

 

[[category:Finance]]