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- S&P Global Ratings on Wednesday affirmed its AA+ long-term and A-1+ short-term U.S. sovereign credit ratings. Its outlook remains stable.
- The outlook “reflects U.S. institutional checks and balances, strong rule of law, and free flow of information that contribute to stability and predictability in economic policies,” the ratings firm said.
- “The resilience of America’s institutions, its economy, and the size and depth of its financial market support the US dollar’s status as the world’s leading reserve currency and support policy flexibility,” he added.
- Meanwhile, “relatively weak fiscal indicators that continue to constrain sovereign credit ratings offset these strengths.”
- Bipartisan efforts to strengthen the nation’s fiscal profile, such as reducing deficits and tackling budget rigidities, remain elusive, S&P said.