United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative By Nikola G. Swann The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what would be necessary to stabilize the government's medium-term debt dynamics. More broadly, the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges. Transcript Of Standard&Poor?s Teleconference Held On Aug. 8, 2011: United States of America Long-Term Rating Lowered To 'AA+', Outlook Negative The five pillars of sovereign ratings analysis are political risk, economic risk, external risk,