As US credit risk looms, former S&P officials see 2011 downgrade as vindicated
By Pete Schroeder WASHINGTON (Reuters) – As the United States stares at the risk of a credit downgrade, former Standard & Poor’s officials stood firm behind their seminal 2011 call to slash the country’s rating as the right decision. That downgrade came days after Washington narrowly averted a default, but S&P went ahead, cutting the U.S. pristine “AAA” to “AA-plus,” citing heightened political polarization and insufficient steps to right the […]