S&P raises US credit rating outlook to stable from negative

FXstreet.com (Barcelona) - Standard & Poor’s Ratings Services has announced today that it raised the US Credit rating outlook to stable from negative, retaining the current AA+ rating.

The agency justified its decision by saying that US government spending levels are now stable and that the economy should improve in the nearest future. It added that the possibility of a near-term downgrade of the rating is less than one in three.

The USD gained against all major currencies on the news.