Political Quotes

Richard Shelby: “Since the passage, however, S&P, Standard & Poor, has said that it will confer higher credit ratings on the largest…”

On the recordJune 29, 2011
Since the passage, however, S&P, Standard & Poor, has said that it will confer higher credit ratings on the largest banks because it continues to assume that there is still the potential for the Government to provide 'extraordinary Government support' to these banks.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby highlights concerns about S&P's credit ratings suggesting government support for large banks remains.

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