S&P has its formidable share of critics for its downgrade of U.S. debt, but don't count Bill...

|By:, SA News Editor

S&P has its formidable share of critics for its downgrade of U.S. debt, but don't count Bill Gross as one of them. The bond manager thinks S&P, "has demonstrated some spine; they finally got it right." Not be overlooked is the bearish bet Gross' PIMCO Total Return Fund took on U.S. Treasurys earlier this year.