Fitch Maintains US Credit Rating as Fiscal Pressures Mount

Fitch Ratings has maintained its 'AA+' credit rating for the United States, citing the country's large economy, high per-capita income, and dominant role in global trade. The stable outlook reflects the US dollar's status as the preeminent global reserve currency.

The rating is supported by factors such as a dynamic business environment, exceptional financing flexibility, and a significant share of global reserves. However, high fiscal deficits, substantial interest burden, and rising government debt levels constrain the rating.

Fitch forecasts growth to remain relatively resilient at 1.9% in 2026-2027, down from 2.8% in 2025. The resilience of the US economy amid heightened uncertainties reflects its ability to absorb shocks, but labour demand has weakened and job creation dropped significantly in 2026.