S&P's downgrade of U.S. ripples through the financial system

Standard & Poor's decision to cut the credit rating of the U.S. government reverberated through the financial system this week, resulting in the loss of triple-A ratings for a variety of securities clearinghouses, investment funds and life insurers. S&P also downgraded the ratings of Fannie Mae and Freddie Mac. But many industry insiders dismissed the ratings downgrades. "The move by S&P is just not that big of a deal," said Alex Roever, the head of short-term fixed income at JPMorgan Chase.

View Full Article in:

Wall Street Journal, The · New York Times (tiered subscription model), The

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Vice President, Science and Regulatory Affairs
American Beverage Association
Washington, DC
Director - Career Services
The Culinary Institute of America
Hyde Park, NY
Vice President, HEDIS & Performance Outcomes
CareSource
Dayton, OH
Director of Contracting and Compliance
CareFirst BlueCross BlueShield
Multiple Locations, MD