Recent affirmations by S&P and Fitch of the U.S. sovereign rating at AA+ with stable outlooks, most recently in June and August 2026, reflect expectations of resilient economic growth near 2 percent annually, solid revenue collection including from tariffs, and fiscal deficits that remain elevated yet broadly stable rather than widening sharply. All three major agencies now assign the second-highest rating tier with stable or negative outlooks, following Moody’s 2025 move to Aa1. Congress raised the debt ceiling by $5 trillion in 2025, pushing the next statutory limit into mid-2027, while agencies anticipate timely resolution of future borrowing authority issues. These developments support trader consensus that another downgrade is unlikely before 2027 absent major fiscal slippage or unforeseen shocks.