NEW YORK: Former US Treasury Secretary Timothy Geithner angrily warned the chairman of Standard & Poor's parent that the rating agency would be held accountable for its 2011 decision to strip the US of its coveted "triple-A" rating, a new court filing shows.
Harold McGraw, the chairman of McGraw-Hill Financial Inc, made the statement in a declaration filed by S&P on Monday, as part of its defense against the government's US$5bil fraud lawsuit over its rating practices prior to the 2008 financial crisis.
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