How To Use Standard and poor's In A Sentence
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The surprise downgrade of Italy's sovereign debt overnight by Standard and Poor's exposes the fatal flaws of pushing through draconian austerity measures on a nation experiencing economic weakness.
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The IMF agreement was announced a day after Standard and Poor's lowered Pakistan's long-term foreign currency sovereign credit rating to CCC from CCC+.
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[Notes: Sam Stovall, Senior equities analyst at Standard and Poor's:] SOT: "I think that now that we are seeing energy prices remain stubbornly high, consumer confidence being at a 15 year low and that also now with employment falling more than people had anticipated, that as a result I think investors are now trying to regauge what kind of a forecast they can have for this recession and what it is likely to do to the economy in general and to other sectors of the economy - in particular retailers.
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The fund's half-yearly Financial Stability Report said the three big ratings agencies – Moody's, Fitch, and Standard and Poor's – need to come clean over potential conflicts of interest and provide further clarity on how good they are at assessing risk.
IMF urges credit rating agencies to provide greater clarity
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Earlier this month, another credit rating agency downgraded United States government debt for the first time. Standard and Poor's blamed the political fight over the nation's debt.
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The Fed is not going to see inflation as a threat, so they can keep interest rates low longer," said David Wyss, chief economist at Standard and Poor's in New York.