S&P Reconsiders U.S. Downgrade, Unidentified Official Tells CNN# Stock
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S&P Reconsiders U.S. Downgrade, Unidentified Official Tells CNN
Q
By Greg Chang - Aug 5, 2011 6:32 PM CT
Standard & Poor’s is reconsidering an earlier decision to possibly
downgrade the U.S. government debt rating after the Obama administration
challenged S&P’s conclusions, CNN reported, citing an unidentified
administration official.
S&P is revising its analysis after assertions that its conclusions were off
by “trillions,” CNN cited the official as saying. Some S&P analysts are
still in favor of a downgrade, the official told CNN.
To contact the reporter on this story: Greg Chang in San Francisco at
g*****[email protected]
To contact the editor responsible for this story: Sylvia Wier at [email protected]
bloomberg.net
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Q
By Greg Chang - Aug 5, 2011 6:32 PM CT
Standard & Poor’s is reconsidering an earlier decision to possibly
downgrade the U.S. government debt rating after the Obama administration
challenged S&P’s conclusions, CNN reported, citing an unidentified
administration official.
S&P is revising its analysis after assertions that its conclusions were off
by “trillions,” CNN cited the official as saying. Some S&P analysts are
still in favor of a downgrade, the official told CNN.
To contact the reporter on this story: Greg Chang in San Francisco at
g*****[email protected]
To contact the editor responsible for this story: Sylvia Wier at [email protected]
bloomberg.net
Want to save this for later? Add it to your Queue!