McGraw-Hill’s statement did not mention of the Aug. 5 downgrade that sent shock waves through global financial markets and was sharply criticized by the Obama administration, which said the agency’s analysis was fundamentally flawed. Other major rating agencies have maintained their AAA ratings on the U.S.
It also did not refer to recent reports that the Justice Department was investigating whether SP improperly rated dozens of mortgage securities in the years leading up to the financial crisis in 2008. Those reports sent McGraw-Hill’s shares tumbling last week.

Article source: http://www.sloppyunruh.com/alembic/notes/weird/synchronicity/strange-world/week-in-review/head-of-sp-to-step-down-after-downgrading-us/

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