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.
The issuer of the world's reserve currency avoided a downgrade from DBRS as stronger economic growth is forecast by a government agency to reduce the budget deficit to a seven-year low as a share of the economy.
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