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S&P downgrades European Union's credit rating

Dec 20, 2013
Citing concerns over the massive bailouts in Europe, Standard and Poor has stripped the EU of its AAA rating.

S&P parent company McGraw-Hill faces 'death-knell' Justice Department suit

Feb 12, 2013
The lawsuit against Standard & Poor's seeks a $5 billion penalty that could be a 'death knell' for parent company McGraw-Hill.
Publishing company McGraw-Hill, which owns the credit rating agency Standard & Poor's that is the target of a $5 billion lawsuit by the Justice Department, reports earnings today
STAN HONDA/AFP/Getty Images

The Talking Heads, DOJ and S&P

Feb 5, 2013
The Justice Department files suit against S&P and its rating of mortgage-backed securities, citing the band Talking Heads in complaint.

Financial crisis fallout: Justice Department set to charge S&P

Feb 4, 2013
Reports say the U.S. Department of Justice is preparing to bring civil charges against the credit ratings agency Standard & Poor's for their part in the financial crisis of 2008. Better late than never?

Greece gets an upgrade but protests continue

Dec 19, 2012
Greece's credit rating just got an upgrade by Standard & Poor's. The ratings agency bumped Greece up to a solid B-. And it says that rating is stable -- meaning it won't change in the next several months.

Standard & Poor's 500 drops Sears

Aug 30, 2012
The prestigious corporate club says the big retailer's stock, which has been listed on the S&P since the 1950s, is no longer representative of the index.

U.S.'s credit rating cut defies dire predictions

Aug 2, 2012
A year after Standard & Poor’s cut the U.S. credit rating from AAA to AA+, interest rates are lower than ever. Who made the right -- and wrong -- predictions?

For public good, not for profit.

Explainer: Greece's 'selective default'

Feb 28, 2012
Yesterday, Standard & Poor's downgraded Greece's credit rating to "selective default." It's a move that everyone expected, but what's the difference between that and the messy default it was trying to avoid?

S&P downgrades France and Austria from AAA rating

Jan 16, 2012
Right after Wall Street closed on Friday, the ratings agency Standard and Poor's downgraded the credit ratings of nine European countries. France and Austria lost their prized AAA credit ratings.

The danger of relying on ratings agencies

Dec 8, 2011
As economic turmoil continues in Europe, leaders there -- and here in the U.S. -- are weary of the blind reliance on ratings agencies to value debt.