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Entries in U.S. Credit Rating (1)

Saturday
Aug132011

SEC Reviews S&P Downgrade Analysis Method

Scott Eells/Bloomberg/Getty Images(NEW YORK) -- The method used by Standard & Poor’s to cut the U.S.’s credit rating is under review by the Securities and Exchange Commission.

Bloomberg News reports that the SEC is investigating the S&P’s means of reaching their calculated downgrade—that U.S. officials allege is a flawed analysis—that is being held accountable for wiping nearly $6.8 trillion from global stock values from July 26 to Aug. 11.

The New York-based rating company lowered the nation’s AAA grade to AA+ on Aug. 5.

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