Major credit rating agencies have maintained stable outlooks on US sovereign debt following Moody’s 2025 downgrade to Aa1 and Scope’s subsequent cut to AA-, with S&P affirming AA+ stable in June 2026 and Fitch confirming the same rating in August. Recent actions, including Scope’s October 2026 affirmation of AA- with a stable outlook, reflect ongoing concerns over deficits and debt-to-GDP trajectories but signal no near-term shifts. Congress has historically raised or suspended the debt ceiling to avert default, reducing immediate risks of ratings pressure before year-end. The compressed resolution window through December 2026 limits scope for new agency reviews or fiscal surprises that could trigger another downgrade, supporting the 87% trader-implied probability of no further action.