Businessweek (April 23, 2013)
2013/ 04/ 24 by jd in Global News
Credit ratings agency Standard & Poor’s (S&P) is trying to dismiss a fraud suit being filed by the U.S. Department of Justice. Both “outrageous” and “even insulting,” S&P’s defense asserts “S&P cannot be held liable for its prolific claims of integrity and analytic skill because those boasts were the sort of baloney that investors and the wider public never take seriously in the first place… In other words: Only a sap would believe the nice things we say about our work.”
Tags: Credit ratings agency, Defense, DOJ, Integrity, Investors, S&P, Suit, U.S.
