On the only previous occasion S&P dropped the UK's outlook from stable to negative, George Osborne - then the shadow Chancellor - was quick to highlight its significance:
It's now clear that Britain's economic reputation is on the line at the next general election, another reason for bringing the date forward and having that election now.
For the first time since these ratings began in 1978, the outlook for British debt has been downgraded from stable to negative.
The comments are in marked contrast to his recent views on the issue.
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The annual event has earned a place in the record books ahead of the grand final of the 60th anniversary show in Austria this evening.
Local authorities said the move is necessary to "avert the growing number of deaths and increasing harm linked to psychoactive substances".
Some students argued that the centuries-old tradition of wearing gowns, suits and mortarboards to exams was 'archaic' and looked elitist.