According to BlockBeats, on August 23rd, Fitch affirmed the United States' rating at "AA+" with a stable outlook. Fitch stated that the United States' sovereign rating benefits from its large economic scale, high per capita income, vibrant business environment, and the exceptional financing flexibility afforded by the US dollar as the world's primary reserve currency.
However, the rating is constrained by high fiscal deficits, heavy interest burdens, and high and rising government debt levels. The United States has yet to take meaningful action to address its large fiscal deficits, rising debt burden, and looming spending increases associated with an aging population.
Fitch forecasts that the government deficit will fall to 6.9% of GDP in 2025 from 7.7% in 2024, driven by a significant increase in revenue, before rising to 7.8% of GDP in 2026 and 7.9% of GDP in 2027.