US Economy

S&P affirms US sovereign credit rating of 'AA+'

S&P affirms current US rating
S&P affirms current US rating

Standard & Poor affirmed in a Friday release the current AA+/A-1+ rating for U.S. sovereign credit and called the outlook "stable."

Citing a strong economy, policy flexibility and the nation's status as "the issuer of the world's leading reserve currency," S&P said in the release that its rating service affirmed its AA+ long-term and A-1+ short-term unsolicited sovereign credit ratings on the United States.

Additionally. the organization said it could raise the rating to AAA if it saw greater bipartisan efforts to cooperate on fiscal policy and a decrease in government debt. The United States lost the AAA rating in August 2011.

Liesman's jobs report breakdown
Liesman's jobs report breakdown

"This could result from implementation of bolder medium-term fiscal policy measures or a more robust growth trajectory," according to the press release.

S&P's primary credit analyst Lisa Schineller told CNBC on Friday afternoon that examples of bipartisan collaboration included the budget agreement last year."It's stabilized but it's also expected to go up absent bolder measures that focus on the medium term," she said in reference to the outlook.

A S&P stable outlook signifies that the possibility for a rating change in the next two years is less than 33 percent, the release said.

"That's because we still see, despite the inherent strengths of the U.S., … there's this higher degree of polarization, lack of cohesion around some of these important efforts," Schineller said."Were that to evolve that's something we would certainly take a look at."

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The affirmation comes after the Friday nonfarm payrolls report showed that U.S. employment had returned to a pre-recession high.