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Standard & Poor's Financial Services LLC
Standard & Poor's upgrades outlook for U.S. credit rating
Standard & Poor's upgrades outlook for U.S. credit rating

WASHINGTON -- Standard & Poor's, which downgraded the U.S. credit rating nearly two years ago, said Monday it was more optimistic about the nation's long-term fiscal situation and had removed the negative outlook from the rating. The automatic federal spending cuts that began March 1 and other recent developments that led to a reduction in this year's projected federal budget deficit caused S&P to change the outlook for the U.S. rating to stable. S&P analysts also said they did not see signs that partisanship in Washington on fisical issues had become worse and were encouraged by the last-minute deal to avoid the so-called fiscal cliff at the end of 2012. The...

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