S&P giving top marks again

摘要

Oh Aug. 5, Standard & Poor's (S&P) downgraded the United States' sterling credit rating of AAA to AA+. Now, S&P is poised to give the rating it denied the United States to a group of securities backed by sub-prime mortgages.More than half of Springleaf Mortgage Loan Trust 2011-1 is slated to receive the AAA grade. The fund, which is tied to $497 million lent to homeowners with below-average credit scores, was created by Springleaf Finance Corp, a lender to borrowers with risky credit.