After credit downgrade, U.S. government on level with Berkeley

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.