Standard & Poor’s Downgrades US Credit Rating to AA+

The world’s largest economy was issued a downgraded credit rating by S&P. The US was given a AA+ rating, down from  its top rating of AAA.

The rating agency announced “The downgrade reflects our opinion that the … plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”

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