Recent affirmations by S&P and Fitch of the US sovereign rating at AA+ with stable outlooks reflect expectations of resilient economic growth, steady revenue collection including from tariffs, and high but stable fiscal deficits through at least 2027. Moody’s 2025 downgrade brought all three agencies to the same level, yet none currently signal further near-term action. The debt limit, raised substantially in 2025, faces contact only in 2027, with historical precedent for timely congressional resolution that avoids default or rating pressure. These factors underpin trader consensus that another downgrade is unlikely before the end of 2026.