I know this has gone all partisan in Washington, although for what reason, I cannot comprehend, as the sanctity of the nation's credit rating should be a bipartisan issue.

She also called for the creation of a European credit rating agency to rival large, private companies that rate the credit of companies and countries for investors.

It could provoke the gravest risk, that all three rating agencies declare a credit event and then there are big contagion risks for other countries.