While S&P Global is the credit ratings agency that lowered the country’s sovereign credit rating to one notch above junk status last month, it is unlikely that the fraudulent flags had anything to do with the decision.
S&P, as a credit ratings agency, frequently keeps its radar on any and all activities involving countries and their prospects, as part of research and intelligence. However, the actual ratings action is based on an assessment of public finances, forecasts in the short to medium term and the plans government has made going forward.
