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S&P holds US credit rating unchanged at AA+

A sign for Standard & Poor's rating agency stands in front of the company headquarters in New York, September 18, 2012Standard and Poor’s held its US debt rating unchanged at AA+ on Friday, nearly three years after dealing Washington a historic cut to its top-flight rating. S&P said the rating outlook was only stable, saying the country’s “polarized policymaking environment and high general government debt and budget deficits” prevent a return to AAA status. It also pointed to the doubling of government debt since 2007, and its expectations that while US borrowing have slowed significantly with an improved budget picture, debt growth is likely to pick up again at the end of this decade.

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