Fitch Affirms U.S. at AA+ Amid Fiscal Strains

Fitch affirmed the U.S. sovereign credit rating at AA+ with a stable outlook, highlighting the country’s large economy, high per-capita income, and the dollar’s global reserve status. Despite tariffs, spending cuts, tighter border controls, and policy uncertainty, the economy has shown resilience and flexibility. Growth is projected to slow to 1.9% in 2026-2027 from 2.8% in 2025, with weaker labor demand and slower job creation. Inflation remains elevated, averaging 3.4% in 2026, above the Fed’s 2% target, partly due to tariffs on core goods. The fiscal outlook is pressured, with the deficit expected to widen to 7.4% of GDP in 2026-2027, the highest among AA-rated peers, driven by military, interest, Medicare, and Social Security costs. Moody’s credit rating for the United States was last set at Aa1 with stable outlook. DBRS’ credit rating for the United States was last reported at AAA with stable outlook.






