According to Politico on Thursday, August 11, four days after the rating was lowered, foe the first time, a Standard & Poor’s director said for the first time, “that one reason the United States lost its triple-A credit rating was that several lawmakers expressed skepticism about the serious consequences of a credit default — a position put forth by some Republicans.”
S&P senior director Joydeep Mukherji said, “the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default.” Politico
Standard and Poor’s actual report.
Standard and Poor’s United States Credit Rating.
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