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S&P President Sharma To Step Down

Originally published on August 23, 2011 5:27 am
Copyright 2018 NPR. To see more, visit http://www.npr.org/.

RENEE MONTAGNE, Host:

NPR's business news starts with a shakeup at S&P.

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MONTAGNE: S&P is also being investigated by the government for the way it rated subprime mortgage securities in the years leading up to the financial crisis. Sharma will be replaced by an executive from Citigroup. Transcript provided by NPR, Copyright NPR.