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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
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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 &
156:(LSE). He has since set up a scholarship at LSE in his name. Beers joined S&P in 1990 focused on rating sovereign debt of over 100 countries. Prior to that, Beers had been an economist at
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Global investment risk management: protecting international portfolios against currency, interest rate, equity, and commodity risk
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116:(S&P). In August 2011, Beers earned significant attention as the S&P executive responsible for downgrading the
183:, meanwhile, said: "You may have never heard of David Beers but every finance minister in the world knows of him".
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Although relatively unknown to the general public, Beers is one of the most influential people in the world: the
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has said of Beers that he "might be the most powerful man in the world that you've never heard of."
132:. In January 2012, Beers announced his appointment, effective February 1, as Special Adviser to the
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128:. Prior to this, the United States had maintained a AAA credit rating since 1941. He lives in
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is a financial analyst and until
December 2011 was head of sovereign credit ratings for
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may have been created or edited in return for undisclosed payments
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Beers received a B.A. degree in international relations from the
210:"The US should let its credit rating be downgraded – and shrug"
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82:. It may require cleanup to comply with Knowledge's
248:"S&P's powerful chief steps out of the shadows"
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267:"Insight: When ratings agencies judge the world"
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160:focused on analyzing the creditworthiness of
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227:"Making the Call on U.S. Credit Rating"
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208:Hasan, Mehdi (August 5, 2011).
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