WSJ: You were at S&P when the firm downgraded the U.S. in 2011. How big of a factor was governance then? Kraemer: Governance and institutional quality was the key driver of the do ...

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The credit ratings of Europe's NATO members are likely to suffer if they ramp up defence spending in line with U.S. President ...

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Moritz Kraemer was an executive in S&P’s sovereign-bond unit when it cut the U.S.’s rating in 2011. Now an economist for German bank LBBW, he says the dysfunction in Washington has only worsened. Read ...

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