US credit rating affirmed at AA+ (long-term) and A-1+ (short-term) with stable outlook

Standard & Poor's reaffirmed the United States' sovereign credit rating on August 18, 2025, keeping the long‑term rating at AA+ and the short‑term rating at A‑1+ with a stable outlook. The agency said the rating reflects the resilience of the US economy, effective monetary‑policy management and the recent $5 trillion increase to the federal debt ceiling.

S&P noted that budget deficits are expected to remain high but stable, with net general‑government debt projected to approach 100 % of GDP by 2029 due to rising interest costs and an aging population. It warned that uncontrolled spending or adverse tax‑policy changes could trigger a downgrade, while proactive fiscal policies could lead to an upgrade. Economic growth is forecast at 2.1 % in 2026 and 1.9 % in 2027. The rating has been at AA+ since S&P downgraded the US from AAA in 2011, and Moody’s made a parallel downgrade in early 2025.