U.S. credit rating

John B. Chambers is the former deputy head of the Sovereign Debt Ratings Group and former chairman of the Sovereign Debt Committee at Standard and Poor's. The ratings agency in 2011 made a major decision to strip away the country's AAA rating.

Economy

He took away the country's top AAA rating in 2011. He ended up fearing for his life

5:00am June 05, 2023

by David Gura

John B. Chambers led the team at ratings agency S&p that decided to downgrade the country's AAA rating in 2011. It was a big decision, and it took a personal toll — but he has no regrets.

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A downgrade in the nation's credit rating could lead to higher borrowing costs for the U.S. Treasury, companies and consumers.

Economy
Politics & Government

A Warning About U.S. Credit Rating Could Signal Higher Interest Rates

3:58pm January 09, 2019

by Avie Schneider

A major credit rating agency is warning that a prolonged government shutdown could mean that it will reconsider the nation's AAA rating. That could lead to higher borrowing costs.