S&P boss quits
S&P president steps down only weeks after controversial US debt downgrade.
The president of Standard & Poor’s is stepping down, only weeks after the agency sent shockwaves through world markets by downgrading the US credit rating.
S&P’s parent company McGraw-Hill has announced Deven Sharma will be leaving his job next month.
Citibank chief investment officer Douglas Peterson will be his replacement.
As well as its controversial downgrade of the US credit rating, S&P is also reportedly under investigation over whether it improperly rated securities in the lead-up to the global financial crisis.
Niko Kloeten
Tue, 23 Aug 2011
Tue, 23 Aug 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
S&P boss quits
16535