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). 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. 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.