Standard & Poor's confirmed the US credit rating at AA+ on Wednesday, saying debt levels remained high and policy-making weak, four years after it cut the country's top-level triple-A rating.
"A high level of general government debt as well as a lack of political cohesion among the main parties in Congress -- resulting in comparatively short-term oriented policymaking -- constrain the ratings," S&P said.
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All rights reserved to Arab Today Media Group 2021 ©
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