U.S. Outlook Revised to Stable

Treasury yields rise as U.S. fiscal risks recede.

The U.S.’s AA+ credit rating outlook was increased to stable from negative by Standard & Poor’s, based on receding fiscal risks, less than two years after the ratings agency stripping the world’s largest economy of its top ranking.

The U.S. has a less than one-in-three likelihood of a downgrade in the “near term,” S&P said today in a statement. The New York-based company said it sees “tentative improvements,” such as the deal politicians reached to resolve what became known as the fiscal cliff and the spending cuts in the Budget Control Act of 2011.

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