standard and poor’s
Connecticut’s Attorney General joined other state attorneys geeneral and top justice department officials to announce the first major government action against a credit-rating agency, saying Standard & Poor’s knowingly inflated its ratings on risky mortgage investments that helped trigger the 2008 financial crisis.
Gov. Dannel P. Malloy and his budget
director say they don’t expect Connecticut’s bond rating to feel
the ill effects of Standard and Poor’s decision to downgrade the
federal government’s bond rating.