http://blogs.abcnews.com/politicalpunch/2011/08/govt-official-us-expecting-sp-downgrade.html
Listen to this
"A third official says that S&P made a "serious mistake" in its analysis, "based on flawed math and assumptions," so the Obama administration is pushing back. But even though "S&P has acknowledged its nurabers are wrong, it's unclear what they're going to do.," the official said."
Ratings agencies asleep at the wheel on the mortgage fiasco, now they're prepared to downgrade without even having the right nurabers. Bunch of slobs.