S&P accused of inflating credit ratings

US rating agency, blamed for 2008 financial crisis, faces same accusations after five years.

    The US economy appears to be improving. For the first time in its history, the Standard & Poor's 500 market index closed above 1,700 points. And the number of Americans filing for unemployment benefits is the lowest since 2007.

    But there is also evidence that some of the Wall Street behaviour that led to the 2008 financial crisis is happening again. Five years on, Standart & Poor's is once again being accused of inflating credit ratings.

    Al Jazeera's Kristen Saloomey reports from New York.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.