S&P President Sharma to Step Down

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Aug. 23 (Bloomberg) -- Standard & Poor’s, the ratings company that downgraded the U.S. AAA credit ranking for the first time, will replace President Deven Sharma with Citibank NA Chief Operating Officer Douglas Peterson. Sharma, 55, will leave at the end of the year. Erik Schatzker reports in today's Movers and Shakers on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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