Now that the United States government’s credit rating was downgraded to AA+, it currently has the same rating as the city of Berkeley, according to a post from Berkeleyside.
On Aug. 5, Standard & Poor’s downgraded the United States, which is the world’s largest economy, from a AAA rating — the highest possible — to a AA+ rating.
The Berkeley Unified School District also has a rating of AA+, but was recently given a “negative” rating instead of its former “stable” one, according to Berkeleyside.
In recent years, the city’s credit rating has improved from AA- to AA to AA+.
Soumya Karlamangla is the assistant city news editor.