Rating agency Standard and Poor´s sentenced to acoutability

I didn´t dare to trust my ears hearing a very short note on TV news. Inmidst all this ballyhoo about the election of the next US president there was reported about a verdict in Australia. An australian court sentenced the the delinquent to accountability of their ratings. Please, read the article in the guardian:

guardian.co.uk/business/2012 … -investors

Eventhough Standard and Poor´s appeal, I hope this verdict persists.