**Major credit rating agencies maintain stable outlooks on U.S. sovereign ratings, limiting near-term downgrade risks before 2027.** Fitch affirmed its AA+ rating with a stable outlook in August 2026, citing economic scale and reserve-currency advantages while noting persistent deficits and rising debt-to-GDP. S&P holds AA+ stable, and Moody’s Aa1 outlook reflects its May 2025 downgrade from Aaa without signaling further immediate action. Fitch analysts have indicated that successive downgrades shortly after prior moves are atypical, with stable outlooks implying no change expected over the next one to two years. Debt-ceiling pressures are projected to intensify only in mid-2027, and recent agency reviews show no negative watches or accelerated concerns that would support another notch lower in the remaining months of 2026. Trader consensus at 91% for “No” aligns with these affirmed ratings and procedural timelines.