John B. Chambers Explained

John Burton Chambers (born c. 1955)[1] is deputy head of the Sovereign Debt Ratings Group and chairman of the Sovereign Debt Committee at Standard and Poor's (S&P).[2] [3] Along with David T. Beers, Chambers earned significant attention in August 2011 for his role in downgrading the credit rating of United States Treasury bonds to AA+.[4] Prior to this, the United States had maintained a AAA credit rating since 1941.[5]

Chambers holds a BA in English literature and philosophy from Grinnell College (1977) and an MA in English literature from Columbia University.[1] [6] [7] After working five years in various roles as sous directeur (deputy director), assistant comptroller, and vice president for Banque Indosuez,[7] Chambers joined S&P in 1993. He became deputy head of S&P's Sovereign Debt Ratings Group in 1997.[2]

Notes and References

  1. News: Downgrade 'doer' was no biz wiz . New York Post . Gary . Buiso . Cathy . Burke . Georgett . Roberts . 7 August 2011 . Yet John Chambers, 55,...has the stern public face of Standard & Poor's, the private agency that wreaked havoc Friday night by notching down the nation's credit to double-A from triple-A. . 2013-02-17.
  2. Book: Dallas, George S.. Governance and risk: an analytical handbook for investors, managers, directors, and stakeholders. 2004. McGraw-Hill. xviii–xix. 9780071429542.
  3. News: 2011-08-11 . S&P's Chambers Says U.S. Debt Problems Need Bipartisan Solution . 2024-07-02 . Bloomberg.com.
  4. News: Schwartz . 7 August 2011 . S&P takes heat, defends its U.S. downgrade . 2024-07-02 . Indiatimes.com.
  5. https://www.wsj.com/articles/SB10001424053111903554904576460393248353976 Making the Call on U.S. Credit Rating
  6. Web site: Iowa Band - Development | Grinnell College . 2011-08-08 . dead. https://web.archive.org/web/20120317173553/http://www.grinnell.edu/dar/dev/donorrelations/honorroll/iowa-band . 2012-03-17 .
  7. Web site: Arab Bankers Association of North America - John B. Chambers, CFA . 2011-09-14 . dead. https://web.archive.org/web/20111008015842/http://www.arabbankers.org/shared/custompage/custompage.jsp?_event=view&_id=445505_c_sU127360_s_i147287 . 2011-10-08 .

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