David T. Beers

Add links
Source: Wikipedia, the free encyclopedia.
For the Canadian journalist, see David Beers.
David T. Beers
Alma materUniversity of Virginia
London School of Economics
Occupationfinancial analyst

David T. Beers is a financial analyst and until December 2011 was head of sovereign credit ratings for

Standard & Poor's (S&P).[1] In August 2011, Beers earned significant attention as the S&P executive responsible for downgrading the credit rating of United States Treasury bonds to AA+. Prior to this, the United States had maintained a AAA credit rating since 1941.[2] He lives in London.[3] In January 2012, Beers announced his appointment, effective February 1, as Special Adviser to the Governor of the Bank of Canada
.

Education and career

Beers received a B.A. degree in international relations from the

sovereign debt. He also worked at Bankers Trust Company, evaluating the risks of lending to Asia-Pacific countries.[5]

Media perception

Although relatively unknown to the general public, Beers is one of the most influential people in the world: the Guardian newspaper wrote in August 2011 that, "In recent weeks, we have witnessed elected leaders in the world's most powerful nation dancing to the tune of David Beers. He's the mustachioed, chain-smoking head of sovereign credit ratings for S&P, the largest and arguably most influential member of the big three." Reuters, meanwhile, said: "You may have never heard of David Beers but every finance minister in the world knows of him".[1] The Independent has said of Beers that he "might be the most powerful man in the world that you've never heard of."[3]

References

  1. ^ a b Hasan, Mehdi (August 5, 2011)."The US should let its credit rating be downgraded – and shrug". Guardian. Retrieved August 16, 2011.
  2. ^ Paletta, Damian (July 22, 2011). "Making the Call on U.S. Credit Rating". Wall Street Journal. Retrieved August 16, 2011.
  3. ^ a b Foley, Stephen (August 8, 2011). "S&P's powerful chief steps out of the shadows". The Independent. London.
  4. ^ Younglai, Rachelle (August 2, 2011). "Insight: When ratings agencies judge the world". Reuters. You may have never heard of David Beers but every finance minister in the world knows of him. A Wall Street veteran, a graduate of London School of Economics where he has endowed a scholarship in his name, he is the global head of sovereign credit ratings for Standard & Poor's.
  5. ISBN 978-0-07-135315-1
    . Retrieved August 16, 2011.
Retrieved from "https://en.wikipedia.org/w/index.php?title=David_T._Beers&oldid=1153744385"