Fitch confirms U.S. AA+ rating, stating that it has not yet taken meaningful action to address the huge deficit.
Fitch maintains the long-term foreign currency debt rating of the United States as AA+. Despite the continuous rise in debt and deficits, Fitch emphasizes the financing flexibility and the dominance of the US dollar. Fitch stated, "The US sovereign rating benefits from its large economic size, relatively high per capita income, vibrant business environment, and outstanding financing flexibility due to the US dollar being the primary global reserve currency." Fitch added, "However, high fiscal deficits, heavy interest burden, and high and rising government debt levels - more than twice the median of 'AA' rated countries - constrain the rating. The US has not taken meaningful actions to address its massive fiscal deficits, escalating debt burden, or the imminent expenditure growth related to aging population issues."
Latest
5 m ago