S&P Downgrades Big 12 in Suprising Move

NEW YORK (TSK) -- Saying it was no longer convinced that the Big 12 could survive in its current form, ratings agency S&P today announced it would downgrade the Big 12 from AAA to B.

Texas' rating is not expected to be negatively affected by the move.

This morning's announcement marks the first time since the conference was formed in 1994 that its stock was downgraded. S&P said it was no longer convinced the Big 12 "can survive as a viable entity." The agency cited concerns over the leadership of the conference, "namely that we think the current commissioner is a buffoon."

Dan Beebe instantly responded to the report. "It isn't really fair to call DeLoss Dodds a buffoon," Beebe said, before an aide reminded Beebe that he was the Big 12 commissioner.

"I'll leave that for others to judge," Beebe then said. "By the way -- has anyone seen my iPhone? I was right in the middle of a strong run through 'Danger Above' in Angry Birds."

Asked for comment, DeLoss Dodds said: "The Big what? Oh, yeah, that." He shrugged.

Texas A&M did not immediately respond to rumors that it was considering bolting for the SEC in response to the downgrade. But an official close to Athletics Director Bill Byrne said he was "furious -- maybe even angry enough to act like A&M will leave for an entire week before accepting Texas' terms."

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Team Speed Kills

You must be a member of Team Speed Kills to participate.

We have our own Community Guidelines at Team Speed Kills. You should read them.

Join Team Speed Kills

You must be a member of Team Speed Kills to participate.

We have our own Community Guidelines at Team Speed Kills. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9341_tracker