Romney Touts S&P Standing

Reuters
Reuters

Former Gov. knocks POTUS for allowing debt rating to drop in Mon. NH Union Leader op-ed. 

“The main job of any executive – whether a CEO, a governor or a President – should be to avert these dangers, or work to repair them. When I took office in Massachusetts, we faced job losses and a fiscal crisis that had the potential to shake the faith of the credit raters in our bonds. We went to work to convince S&P and the other rating agencies that we were committed to reducing spending to balance our budget. I met personally with these officials in my of­fice in Boston, and I traveled to New York City to meet them in their offices. S&P responded in 2005 with a credit rating upgrade that acknowledged the state’s sound fiscal management and the improving strength of its revitalized economy.”

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