Standard & Poor's Upgrades Outlook For U.S. Credit Rating

Monday, June 10, 2013 14:44
edit
Standard & Poor's Upgrades Outlook For U.S. Credit Rating

Standard & Poor's, which downgraded the U.S. credit rating nearly two years ago, said Monday it was more optimistic about the nation's long-term fiscal situation and had removed the negative outlook from the rating.

This Website Is For Financial Professionals Only


The automatic federal spending cuts that began March 1 and other recent developments that led to a reduction in this year's projected federal budget deficit caused S&P to change the outlook for the U.S. rating to stable, reports the Los Angeles Times.

 

Comments (0)

Write comment

You must be logged in to post a comment. Please register if you do not have an account yet.

busy