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Nation’s credit rating stabilizes

The negative outlook on the countrys AAA credit-ranking was changed to stable by DBRS Inc. amid declining federal budget deficits and after Congress suspended the nations debt limit earlier this year until 2015.

By John Detrixhe | Updated on April 22, 2014
(AP Photo/Richard Drew)

April 22 (Bloomberg) — The negative outlook on the country’s AAA credit-ranking was changed to stable by DBRS Inc. amid declining federal budget deficits and after Congress suspended the nation’s debt limit earlier this year until 2015.

The Toronto-based ratings company’s adjustment follows decisions by Moody’s Investors Service and Standard & Poor’s last year to change their outlooks on the United States to stable from negative. S&P stripped the nation of its top grade in August 2011, citing, in part, political discord about the debt limit. Moody’s gives the nation its top AAA grade.

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