S&P Goofs Up Again

Via Kid Dynamite:

Just in case you missed the most ridiculous story of the day – the BBC has the details:

“Standard & Poor’s accidentally released a message to some of its subscribers on Thursday saying that it had downgraded French debt from its top AAA rating.

S&P said it was investigating what had gone wrong and stressed that France still had an AAA rating.”

So, Europe is a veritable powder keg right now waiting to blow, and S&P accidentally releases an erroneous message that they downgraded France.  Then they said sorry.     I’m half surprised that markets weren’t down even more this morning.

Beyond absurd.

Agreed.