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S&P President Sharma To Step Down

RENEE MONTAGNE, Host:

NPR's business news starts with a shakeup at S&P.

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MONTAGNE: S&P is also being investigated by the government for the way it rated subprime mortgage securities in the years leading up to the financial crisis. Sharma will be replaced by an executive from Citigroup. Transcript provided by NPR, Copyright NPR.

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