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Behind S.&P.âs Downgrade, a Committee That Acts in Private
Keywords:
David Beers, John Chambers and the Committee that made the U.S. credit ratings downgrade. Earlier calls on Iceland, Argentina and Italy by David Beers and his willingness to make a tough call and defend it. The committee is called the sovereign ratings division, with David Beers as head, and John Chambers as his deputy. A report from the IMF gives good marks to S&P on making timely sovereign ratings revisions where approporate and on being ahead of Moody's and Fitch in this regard. S&P spokesperson says that the sovereign ratings group is quite different from the corporate ratings group.
David Beers, John Chambers and the Committee that made the U.S. credit rating downgrade to AA+
08/08/2011
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