S&P joins Fitch in affirming U.S. amid virus outbreak, says debt, deficit to worsen
FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid
- Global credit rating agency S&P Global Ratings on Thursday affirmed the United States’ sovereign credit ratings at ‘AA+/A-1+’ with a stable rating outlook, amid the ongoing coronavirus outbreak. The U.S. government’s debt and fiscal deficits are likely to worsen this year after the “economic shock” caused by the pandemic, S&P said.Reporting by Kanishka Singh in Bengaluru; Editing by Sandra Maler
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