It's not bogus, just check S&P's website. The downgrade was real.
citing:
"Subpar Debt Buyback"
I'm holding a large bag here, and don't have any notion of where this company/stock is headed. But for some reason I just can't hit the sell button. I don't hold blind optimism, but I think we'll turn up this year. Not a fan of long-term holding, but I've done it before and it looks like I'll do it again here.