Marron of Lightyear Says S&P Downgrade Was Reaction to Politics

Donald Marron, founder and chairman of Lightyear Capital LLC, said Standard & Poor’s cutting of the U.S. debt rating was a response to Washington politics, not an indication of the country’s economic condition.

“We are still an AAA country,” Marron said in a Bloomberg Television interview with Tom Keene. “This was a political downgrade. It was not a business or economic downgrade. That’s not to say it wasn’t a warning for us all that we are seen in a much more fragile state, partly because of what we saw in Washington.”

To contact the reporter on this story: Laura Keeley in New York at

To contact the editor responsible for this story: Christian Baumgaertel at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.