April 2, 2020 / 11:24 PM / 2 months ago

S&P affirms U.S. amid coronavirus outbreak, says debt and deficit will worsen

April 2 (Reuters) - Global credit rating agency S&P Global Ratings on Thursday affirmed the United States’ sovereign credit ratings at ‘AA+/A-1+’ with a stable rating outlook, amid the ongoing coronavirus outbreak.

The U.S. government’s debt and fiscal deficits are likely to worsen this year after the “economic shock” caused by the pandemic, S&P said.

Last week, Fitch had affirmed its United States rating.

Reporting by Kanishka Singh in Bengaluru; Editing by Sandra Maler

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