Financial rating agency Standard and Poor's confirms the AA+ rating for the US' long-term debt despite the recent passage of a $2 trillion aid package to combat the novel coronavirus
"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.
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. "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.However, S&P noted that the ratings are "constrained by high general government debt and fiscal deficits, both of which are likely to worsen this year following the economic shock caused by the coronavirus pandemic.
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