Brian Chappatta, Columnist

He Downgraded the U.S. a Decade Ago. He Stands By It.

A Q&A with John Chambers, former chairman of S&P’s sovereign rating committee, who discusses America’s current situation and what he has observed over the past 10 years.

No regrets.

Photographer: Munshi Ahmed/Bloomberg

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No company or government likes a credit downgrade. Analysts might brace themselves for bitter phone calls or public rebukes of their analysis. It comes with the job.

John Chambers found out it’s a whole different ballgame when it comes to rating the U.S.