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Markets Right Now: S&P backs US rating after Trump win

The latest on financial markets following the election of Donald Trump as the next president of the United States (All times local):

8:15 p.m.

Standard & Poor's is affirming the United States' credit rating following Donald Trump's election win.

The rating stands one notch below S&P's top "AAA" grade, which the U.S. lost in 2011 after a standoff in Congress over whether to raise America's borrowing limit.

S&P says the outlook for its "AA+" rating on U.S. debt remains stable. It says the country's strong economy and government institutions offset its high level of debt and any uncertainty about what kind of economic polices...