OK, some background:
The UTQG temperature rating is what we in the US wound up with because our boys in Washington couldn't stomach a European based speed rating system. Sort of a "Not Invented Here" situation.
The test requirements for UTQG and speed rating are somewhat different - and you get somewhat different results, but the rank order comes out pretty much the same.
I'm a little fuzzy on this, but I think that tires with a "C" temperature rating were S or unrated, while "B" rated tires were S or T speed rated and H and higher all got "A" ratings - but I don't think this was a very clean cut. The cut off points are different.
So I think that V speed rating should have been labeled an "A", but there is no legal requirement to label it correctly - but there is a legal requirement that it not be OVER rated!
BTW, look at Tire Rack and you will find plenty of Michelin tires with a "B" temperature rating in the "Passenger All Season" category.