Pension Plan Fallout From The S&P Rating Reduction

Law360, New York (August 22, 2011, 12:55 PM EDT) -- Are we having fun yet?

The political scene in Washington, D.C., recently has lurched from an unsavory and perhaps a bit embarrassing battle over the federal debt ceiling to a cautious and uncertain reaction to the recent ratings downgrade of our country. On Friday, Aug. 5, 2011, Standard & Poor’s (“S&P”) announced the reduction of the credit rating of the United States from a AAA rating to an AA+ level. This was the first such rating downgrade in the history of our country (the United States...
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