LOS ANGELES - Standard & Poor’s attributes much of the above-average creditworthiness of U.S. state governments to the unique countercyclical economic and fiscal support that the federal government offers the states, while warning that such support may be waning.

Following the Great Recession, U.S. states continue to make up one of the most creditworthy sectors, with only six state ratings below AA, the agency said in a recent report.

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