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David T. Beers
David T. Beers is a financial analyst and until December 2011 was head of sovereign credit ratings for credit rating agency Standard & Poor's (S&P).〔Hasan, Mehdi (August 5, 2011).("The US should let its credit rating be downgraded – and shrug" ). ''Guardian''. Retrieved August 16, 2011.〕 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.〔Paletta, Damian (July 22, 2011). ("Making the Call on U.S. Credit Rating" ). ''Wall Street Journal''. Retrieved August 16, 2011.〕 He lives in London. 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 University of Virginia and an M.Sc. degree in economics from the London School of Economics (LSE). He has since set up a scholarship at LSE in his name.〔Younglai, Rachelle; da Costa, Ana (August 2, 2011). ("When ratings agencies judge the world" ). ''Reuters'' (Yahoo!). Retrieved August 16, 2011.〕 Beers joined S&P in 1990 focused on rating sovereign debt of over 100 countries. Prior to that, Beers had been an economist at Salomon Brothers focused on analyzing the creditworthiness of sovereign debt. He also worked at Bankers Trust Company, evaluating the risks of lending to Asia-Pacific countries.
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