Exagerrated importance of S&P downgrade.
Reader comment on: Regulating the Raters
Submitted by Charles Treuhold (United States), Aug 10, 2011 17:36
As you point out, the ratings of two major services - in this case the Moody's and Fitch Aaa for US debt -- statisfy most investment criteria and seem to lessen the widespread absolute description of S&P's downgrade as the downgrade of US debt.
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