Standard And Poor’s Defense Against Dept. Of Justice Lawsuit Sets Poor Standard


In retaliation for the Department of Justice’s law suit filed in February this year against the nation’s leading credit agency, Standard and Poor’s legal response filed Tuesday this week called the suit a “meritless” action. Stating that the lawsuit in and of itself was in retaliation for the credit agency’s downgrade of the United States’ rating from AAA to AA+. In its court document it further suggests that the suit is politically motivated, violates their rights to free speech and is “unconstitutional”.