27-April-2024
Economy News
 
S&P confirms US AA+ rating with stable outlook
04-Apr-2020

The financial rating agency Standard and Poor’s confirmed on Thursday the AA+ rating for the United States’ long-term debt despite the recent passage of a historic $2 trillion aid package to combat the novel coronavirus. S&P also indicated that it had no intention of changing the rating for the time being due to a stable outlook. “The sovereign ratings on the US reflect its diversified and resilient economy, extensive monetary policy flexibility, and unique status as the issuer of the world’s leading reserve currency,” the dollar, S&P said in a statement. Fitch Ratings last week reaffirmed the US’ AAA credit rating for the same reason.

News Source:- https://www.financialexpress.com/economy/sp-confirms-us-aa-rating-with-stable-outlook/1917831/