That's a good article. Also, keep in mind SP has messed things up before. Think AAA rating of mortgage backed securities that created the financial meltdown three years ago. Last time I checked, the same incompetent clowns are in charge.
S&P was paid to "mess things up before." As were Moody's and Fitch who are doing the same things again in NOT acknowledging our nation's mess.
S&P is apparently no longer going to deny obvious reality just to appease the Wall Street and the Fed, the latter of which seems to have a plan to destroy American Capitalism through a complex association with Progressive Liberals who have slowly been eroding our nation's foundation for 50 years of more.
Enjoy the fall, longs. MGM is a particular piece of garbage in the environment we are entering.