Fitch: Confirms U.S. "AA+" Rating, Outlook Stable

BlockBeats News, August 23, Fitch has reaffirmed the U.S. rating at "AA+" with a stable outlook. Fitch stated that the U.S. sovereign rating benefits from its large economic scale, high per capita income, dynamic business environment, and the unique financing flexibility provided by the U.S. dollar as the world's primary reserve currency. However, high fiscal deficits, heavy interest burdens, and elevated and rising government debt levels constrain this rating. The U.S. has yet to take meaningful action to address its substantial fiscal deficit, growing debt burden, and imminent spending growth challenges associated with an aging population. Fitch forecasts that, driven by significant revenue increases, the government deficit as a percentage of GDP will decrease from 7.7% in 2024 to 6.9% in 2025, then rise to 7.8% in 2026 and further to 7.9% in 2027. (Jin10)