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S&P raised U.S. credit rating outlook to stable

June 11, 2013

Standard & Poor’s increased its credit rating outlook for the U.S. to “stable” from “negative,” based on receding fiscal risks. In August 2011, S&P stripped the world’s largest economy of its AAA top note to the current ranking of AA+, causing global equity markets to tumble. The U.S. has now a less than one-in-three likelihood of downgrade in the “near term” with the revision, S&P commented.