The Securities and Exchange Commission (SEC) is reviewing the method Standard & Poor’s used to cut the US’s credit rating and if the firm properly protected the confidential decision, a person with direct knowledge of the matter has said. SEC inspectors are examining S&P’s policies for conducting such analyses and whether those procedures were followed when the ratings agency firm downgraded the US’s credit rating this month, said the person, who declined to be identified.
SEC queries S&P downgrade methodology
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