All posts tagged: affirms

S&P Affirms ‘AA+’ Credit Rating for US, Cites Economic Resilience

S&P Affirms ‘AA+’ Credit Rating for US, Cites Economic Resilience

June 26 – S&P Global affirmed ⁠its “AA+” ⁠credit rating for the ⁠U.S. on Friday, saying the economy’s resilience ​supported solid fiscal revenue collection. The ratings agency said it expected ‌the U.S. economy to grow ‌at around 2% over 2026 to 2029, adding ⁠that ⁠despite heightened political polarization, strong institutions and the system ​of checks and balances will continue to anchor policy outcomes. “Broad revenue buoyancy, including solid tariff income, should help mitigate the risk ​of fiscal slippage,” it said. The U.S. economy grew faster ⁠than ⁠previously estimated in the ⁠first ​quarter, with the gross domestic product increasing at an upwardly revised ​2.1% annualized rate. ⁠Economists polled by Reuters had expected that GDP growth would be unrevised at a 1.6% rate. The boost to growth from lower imports was partially offset by a ⁠sharp downgrade to consumer spending, which accounts for more than ⁠two-thirds of the economy. S&P, which became the first ratings agency to cut the pristine U.S. government rating in 2011, said the outlook on the U.S. rating remains stable. The stable outlook …

S&P affirms Japan debt rating but warns of cut if yen weakens much further

S&P affirms Japan debt rating but warns of cut if yen weakens much further

TOKYO, March 30 : S&P Global Ratings on Monday affirmed its rating of Japan’s sovereign debt but said it may lower it if the yen weakens much further, reflecting the country’s deteriorating economic competitiveness. The credit-rating firm said it affirmed its A+/A-1 rating on Japan reflecting its view that Japan’s nominal gross domestic product and revenue growth will remain resilient in the face of geopolitical risk. But it said Japan’s fiscal deficit could widen over the next two years due to higher spending on investment and stimulus. “We may lower the ratings on Japan if economic growth is persistently and significantly below that of other high-income economies, and if the yen weakens much further, reflecting a persistent deterioration of Japanese economic competitiveness,” S&P said in a statement. Source link

Trump affirms ‘total endorsement’ of Orbán ahead of Hungary election

Trump affirms ‘total endorsement’ of Orbán ahead of Hungary election

The Trump administration is doubling down on its endorsement of Hungarian leader Viktor Orbán in next month’s Hungarian elections, even as Orbán’s deal-blocking in Brussels has been labeled “unacceptable” by EU peers. U.S. President Donald Trump on Saturday reiterated his “complete and total endorsement” of Orbán in the Hungarian elections. And U.S. Vice President JD Vance is reportedly due to fly to Budapest in April in support of the prime minister. The EU’s longest-serving leader, facing an election in less than a month that he is forecast to lose, has long been a thorn in the side of Brussels. In the latest stand-off against his European counterparts, Orbán held hostage a €90 billion loan to Ukraine this week over an oil dispute. “The prime minister has been a strong leader whose shown the entire world what’s possible when you defend your borders, your culture, your heritage, your sovereignty and your values,” Trump said in a video address to the Conservative Political Action Conference (CPAC) taking place in Hungary on Saturday. Trump praised Hungary’s “strong borders” …