S&P raises U.S. credit outlook to stable
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Citing the strength of the U.S. economy and the dollar’s standing in the world, Standard & Poor’s on Monday raised its outlook on the U.S. credit rating — even as the ratings agency said Washington lawmakers have a “lesser ability” than others countries’ to deal with public finance pressure in the long term.
S&P raised its outlook on the country’s long-term credit rating to stable from negative, and said the U.S. has less than a one-in-three chance of another downgrade in the near term.
U.S. markets initially rose after the report, but the Dow Jones Industrial Average DJIA +0.04% and the S&P 500 SPX +0.09% were lately in negative territory. See Market Snapshot.
S&P on Monday also reaffirmed its AA+ long-term sovereign credit rating on the U.S.
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