Major rating agencies have maintained stable outlooks on U.S. sovereign credit despite elevated deficits exceeding $2 trillion in fiscal 2026 and debt-to-GDP ratios above 117 percent. Fitch affirmed its AA+ rating in August 2026 with a stable outlook, citing resilient growth and the dollar’s reserve status while projecting continued deficits near 7 percent of GDP. S&P similarly affirmed AA+ earlier with stable outlook, and Moody’s Aa1 rating from 2025 carries no immediate negative signals. Scope Ratings kept its lower AA- grade stable in October amid warnings of long-term vulnerability, yet no major agency has signaled near-term action. Debt-ceiling pressures are expected to intensify only in mid-2027, supporting trader consensus that another downgrade remains unlikely before year-end 2026.