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Fitch: Affirms U.S. 'AA+' Rating, Outlook Stable
BlockBeats News, August 23rd, Fitch Ratings has recently confirmed the United States' rating as "AA+" with a stable outlook. Fitch stated that the U.S. sovereign rating benefits from its large economic size, high income per capita, vibrant business environment, and the special financing flexibility brought by the U.S. dollar as the global primary reserve currency.
However, this rating is constrained by high fiscal deficits, a heavy interest burden, and a high and rising government debt level. The U.S. has yet to take meaningful action to address its large fiscal imbalances, rising debt burden, and the imminent expenditure growth associated with an aging population.
Fitch predicts that driven by a significant increase in revenue, the government deficit as a percentage of GDP is expected to decrease from 7.7% in 2024 to 6.9% in 2025, then rise to 7.8% of GDP in 2026, and further increase to 7.9% of GDP in 2027. (FX678)
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