Standard & Poor’s Claims Revenge Motivated DOJ Lawsuit

Standard & Poor’s has alleged that the ongoing lawsuit brought against it by the U.S. Justice Department was initiated in response to the 2011 downgrade the financial services company brought to bear on U.S. debt. In a court filing picked up by The Wall Street Journal, Standard & Poors alleged that the law suit was brought against the company in “retaliation” for the downgrade of the United States’ debt back just over two years ago. The ratings agency removed the top class AAA rating from United States’ debt, moving down one place to a AA+ rating. DOJ suit unconstitutional The…