Standard & Poor's, which has faced strong criticism for its role in the US sub-prime crisis, has announced the resignation of its president
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The three largest credit rating agencies, S&P, Moody's and Fitch, have come under increasing scrutiny from politicians in the US for their role in the sub-prime mortgage debacle.
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US lawmakers will consider stricter rules for credit rating agencies this autumn which could force them to disclose conflicts of interest. [Umm, like, you mean that wasn't already required?]
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