Fitch affirms U.S. AA+ rating, warns rising debt could leave economy vulnerable to shocks
Fitch Ratings affirmed the United States’ long-term foreign-currency debt rating at AA+ and warned that continued increases in debt could leave the economy vulnerable to future economic shocks. Fitch said the U.S. government has “not yet taken meaningful action” to address its large fiscal deficit. Spending pressures are expected to increase further over the next 10 years as the population ages. Fitch projects that U.S. debt could rise to 123% of GDP by 2028, more than double the 46.3% median debt ratio for AA-rated countries. The agency also expects the United States to reach a $41.1 trillion debt ceiling by mid-2027. The U.S. fiscal deficit is expected to remain the highest among AA-rated countries, Fitch said, partly reflecting rising military spending and interest costs. S&P Global Ratings assigns the United States an AA+u rating on its long-term foreign-currency debt, with a stable outlook.
Fitch said the U.S. government has “not yet taken meaningful action” to address its large fiscal deficit. Spending pressures are expected to increase further over the next 10 years as the population ages.
Fitch projects that U.S. debt could rise to 123% of GDP by 2028, more than double the 46.3% median debt ratio for AA-rated countries.
The agency also expects the United States to reach a $41.1 trillion debt ceiling by mid-2027.
The U.S. fiscal deficit is expected to remain the highest among AA-rated countries, Fitch said, partly reflecting rising military spending and interest costs.
S&P Global Ratings assigns the United States an AA+u rating on its long-term foreign-currency debt, with a stable outlook.