Monday, August 22, 2011

S&P's Deven Sharma to Step Down

Well, no sooner did I blog about the miserable time that McGraw Hill's Terry McGraw has been having that do we learn that Standard & Poor's President, Deven Sharma, will be leaving the credit-rating firm by the end of the year.

S&P claims that the move was under way long before it announced its downgrading on U.S. long term debt on August 5.

Lookk for an announcement before the opening of markets on August 23.

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