S&P affirms U.S. 'AA+/A-1+' ratings following presidential election; outlook stable

S&P Global Ratings on Nov. 9, 2016, affirmed its 'AA+' long-term and 'A-1+' short-term unsolicited sovereign credit ratings on the United States of America. The outlook on the long-term rating remains stable.

S&P said that U.S. elected officials are less able to react swiftly and effectively to public finance pressures than are officials of other highly rated sovereigns. "Given the composition of Congress is aligned with that of the incoming administration, we believe the risk of debates over raising the debt ceiling has diminished," said S&P in its statement.

However, the agency noted that there could be downward pressure on the rating as there is a risk of policy uncertainty and potential missteps given the untested nature of the incoming Trump Administration.

S&P assumes that the independence of the Federal Reserve will be respected. On the external side, it expects the U.S. dollar will remain the world's premier reserve currency and that current account deficits will remain within historical ranges.

Goldman Sachs published a latest note on the outlook for the US economy following a Trump victory at the US presidential elections in which the US economy is expected to continue to grow at 2 percent in 2017 post-election.