S&P Accuses Government Of Retaliation, Asks For Documents – ValueWalk Premium

S&P Accuses Government Of Retaliation, Asks For Documents

Standard & Poor claims that the government prosecuted the company for fraud in retaliation for downgrading US government debt in a recent legal filing, reports Edvard Pettersson at Bloomberg Businessweek. The court statement alleges that then-US Treasury Secretary Timothy Geithner warned McGraw Hill Financial Inc (NYSE:MHFI) that there would be some sort of blowback if the ratings agency went ahead with the downgrade (McGraw Hill owns S&P).

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