Three cheers for the Standard & Poor's, whose S&P 500 index closed on Friday at 1,365.74, its highest level since June 2008.
The cut list is now out for the several European countries who are the latest to get the downgrade treatment from Standard & Poors and France and Austria are just the latest to get knocked from a AAA down to a AA+ credit rating.
After putting nearly every Euro Zone nation on "credit watch negative," Standard & Poor's has now added the European Union itself and several large European banks to its list of potential downgrades.
Ratings agency Standard & Poor's has put all 17 Euro Zone nations on downgrade watch, reports Bloomberg.
The ratings service Standard & Poor's sent out an alert on Wednesday announcing it had downgraded France's credit rating -- but the agency hadn't actually downgraded the country, and is blaming a "technical error" for the flub.
Downgrade is reportedly unrelated to Sharma's decision to step down
An investigation opens to see if an analyst's decision was ever influenced by the business.
A big patent win for Google isn't enough for the credit ratings agency
Dow dips below 11,000 again but some wonder if the markets could get worse
As stock market falls, he urges Congress to pass a payroll tax holiday
Standard & Poor's cuts ratings outlook on Berkshire Hathaway to 'negative'
He tells Obama he will stay through the 2012 election
The ratings firm cites the recent Washington fight over raising the debt limit
A Reuters poll found a majority of economists think a downgrade is inevitable
One commenter doesn't get why the U.S. needs to listen to the credit rating agency
The ratings agency's private warning to lawmakers follows Moody's bond rating review
Something like this was bound to happen, investors say
Japan downplayed S&P's negative outlook on U.S debt, but our largest creditor is China
Have a story we missed? A link we have to click? A sharp opinion about the news? Instead of waiting for us to post it, tell us on the Open Wire.
Submit your news and ideas | See all reader postsThe Atlantic Wire is your authoritative guide to the news and ideas that matter most right now. Our team tracks newsmakers and opinions across the entire media spectrum: newspapers, web sites, television, radio and magazines.
But we do more than just collect information. By synthesizing, analyzing and summarizing what’s out there, and adding new information when we can, we are a news engine that gives you a quick and valuable account of the issues of the day.
Have a hot tip? A story we missed? Tell us on the Open Wire
How to send us editorial or technical feedback
Get Five Best Columns in your inbox each morning (preview)
