S&P Global Ratings
American credit rating agency
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| 2015 | Standard and Poor's paid $1.5 billion to settle lawsuits with the U.S. Justice Department, state governments, and the California Public Employees' Retirement System over inaccurate credit ratings that allegedly defrauded investors. |
| April 15 2013 | The Department of Justice was ordered to grant S&P access to evidence in the ongoing fraud lawsuit. |
| January 2013 | The Justice Department charged Standard & Poor's with fraud in a $5 billion lawsuit (U.S. v. McGraw-Hill Cos et al.), filed in the U.S. District Court, Central District of California. |
| November 2012 | Judge Jayne Jagot of the Federal Court of Australia made a landmark ruling against S&P Global Ratings, finding the agency negligent in its AAA rating of Rembrandt 2006-2 and 2006-3 Constant Proportion Debt Obligation (CPDO) notes. The court determined that S&P's rating was misleading and deceptive, and that the agency did not have reasonable grounds for its 'extremely strong' rating. |
| November 2012 | S&P published new criteria for evaluating management and governance credit factors for insurers and non-financial enterprises, introducing a scoring methodology that assesses creditworthiness on a scale from weak to strong, focusing on enterprise risk management analysis. |
| January 13 2012 | S&P officially downgraded France's credit rating from AAA to AA+, marking the first time since 1975 that France was downgraded. On the same day, S&P also downgraded the credit ratings of eight other European countries: Austria, Spain, Italy, Portugal, Malta, Slovenia, Slovakia, and Cyprus. |
| 2011 | S&P discontinued providing stand-alone governance scores (GAMMA), while continuing to incorporate governance analysis in global and local scale credit ratings. |
| November 11 2011 | S&P erroneously announced a cut of France's triple-A credit rating, causing significant controversy and prompting French leaders to call for increased regulation of private credit rating agencies. |
| August 5 2011 | S&P downgraded the United States' sovereign long-term credit rating from AAA to AA+, citing concerns about fiscal consolidation and political effectiveness. |
| April 18 2011 | S&P assigned a negative outlook to the US credit rating, signaling potential future downgrade. |
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