The downgrades seems accurate to me. With how unstable the world is, I don't think any entity should have AAA rating. The US I agree also has severe "deteriorat

The downgrades seems accurate to me. With how unstable the world is, I don't think any entity should have AAA rating. The US I agree also has severe "deterioration of governance" in my opinion. What I find despicable is that Yellen ignores all of this and calls the downgrade "arbitrary". This is a slap in the face to the credibility of independence of the credit agency when the residing US Treasury Secretary tries to impose her opinion to deflate the agencies move. Standard & Poor's downgrades its rating of the US credit rating from AAA to AA+ 10 years ago. And it's still at that.