Fitch: Confirms US "AA+" Rating with Stable Outlook

ChainCatcher news, according to the latest confirmation from Fitch, the United States is rated "AA+" with a stable outlook. Fitch stated that the U.S. sovereign rating benefits from its large economic scale, high per capita income, vibrant business environment, and the special financing flexibility provided by the dollar as the world's primary reserve currency.

However, high fiscal deficits, a heavy interest burden, and elevated and rising government debt levels limit this rating. The United States has yet to take meaningful action to address its large fiscal deficit, the rising debt burden, and the imminent spending growth issues related to an aging population.

Fitch predicts that driven by a significant increase in revenue, the government deficit as a percentage of GDP will decrease from 7.7% in 2024 to 6.9% in 2025, before rising to 7.8% of GDP in 2026 and 7.9% of GDP in 2027. (Jinshi)