How S&P ratings agency is making itself ridiculous - re France AAA rating

[ASusilovic]

Jan 6 (Reuters) - France would not necessarily suffer financially if its credit rating was lowered from the current top-notch AAA grade, as U.S. experience shows, representatives of rating agency Standard & Poor's said in an interview published on Friday.

http://www.reuters.com/article/2012/01/06/france-rating-sp-idUSL6E8C60UR20120106

So why does anybody need S&P at all? :eek: