S&P chief steps down after US ratings downgrade

Tue, 08/23/2011 - 03:49 EDT - France24.com - Business

RDF10

Standard & Poor's president Deven Sharma is stepping down, its parent company announced Tuesday, just weeks after the credit rating agency cut the US sterling AAA rating and sent global markets into turmoil.Sharma, who will take another role in the company before leaving altogether at the end of the year, will be replaced by Citibank's current chief operating officer Douglas Peterson.The US Justice Department is currently investigating the company for its practices regarding mortgage securities.

Original article
Login or register to post comments

S&P chief steps down after US ratings downgrade
Standard & Poor's president Deven Sharma is stepping down, its parent company announced Tuesday, just weeks after the credit rating agency cut the US sterling AAA rating and sent global markets into turmoil.Sharma, who will take another role in the company before leaving altogether at the end of the year, will be replaced by Citibank's current chief operating officer Douglas Peterson.The US Justice Department is currently investigating the company for its practices regarding mortgage securities.
S&P's Sharma to Leave, Replaced by Citi's Peterson
Kroll Calls S&P's Deven Sharma `Sacrificial Lamb'
Sharma Says S&P's Process of Rating Debt Is Consistent
S&P president Sharma to leave
Standard & Poor's, the ratings company that downgraded the U.S.
S&P president Sharma stepping down: report (Reuters)
Reuters - The president of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of U.S. government debt, the Financial Times reported.
S&P president Sharma stepping down: report
SYDNEY (Reuters) - The president of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of U.S.
Will U.S. Debt Lose Its AAA Rating? Downgrade Moody’s
from Dean Baker The media have been bombarding the public with scare stories about the country's "record" budget deficits. Newspapers and news shows that never bothered to mention the growth of the $8 trillion housing bubble that eventually crashed the economy are giving us an endless barrage of stories claiming that current and projected future deficits will bankrupt our grandchildren.
DealBook: Standard & Poor's President to Step Down
Standard & Poor's said late on Monday that its president, Deven Sharma, will step down and leave the company by the end of the year. He will be replaced by Douglas Peterson, a top executive at Citigroup.

Main menu

Secondary menu

S&P chief steps down after US ratings downgrade

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu