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S&P Confirms America’s Credit Rating at AA + / A-1 +, With a Stable Outlook

Adel 17 March, 2021 10:37 am Daily Economic Reports, Economic Report

Standard & Poor’s affirmed credit ratings agency confirms America’s sovereign credit rating at AA + / A-1 + and maintains a stable outlook.

The agency said that the US dollar’s status as the world’s No. 1 reserve currency and the size and depth of the US financial market will support the flexibility of economic policies.

He added that it expects that an unprecedented gradual withdrawal of US fiscal stimulus will make the net public debt burden stabilize at about 110% of gross domestic product in the next two years.

She indicated that economic growth in America is likely to decline to 3.5% in 2022, and gradually decline towards 2% in 2023 and 2024.

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