WASHINGTON (AP) — The rating agency that downgraded the U.S. government’s long-term credit rating last year has reiterated its assessment and its negative outlook. It says U.S. political leaders aren’t addressing the federal debt burden.

Standard & Poor’s said Friday that it’s keeping its rating of U.S. long-term debt at “AA+.” It cut the rating in August after a battle in Congress over whether to raise the nation’s borrowing limit. Previously, the U.S. government had always received a “AAA” rating, reserved for the most credit-worthy borrowers.


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At the time, S&P said it lowered the credit rating in part because it had lost some confidence in the U.S. political system. On Friday, it made clear that hasn’t changed.

Read more at Official Wire. 

Photo credit: CBS


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