New York – Standard & Poor’s is affirming the United States’ credit rating following Donald Trump’s election win.
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The rating stands one notch below S&P’s top “AAA” grade, which the U.S. lost in 2011 after a standoff in Congress over whether to raise America’s borrowing limit.
S&P says the outlook for its “AA+” rating on U.S. debt remains stable. It says the country’s strong economy and government institutions offset its high level of debt and any uncertainty about what kind of economic polices Trump’s administration will pursue.