Recent affirmations by S&P Global Ratings in June 2026 and Fitch Ratings in August 2026, both maintaining AA+ ratings with stable outlooks, underpin the 89% trader consensus against another downgrade before 2027. These actions highlight U.S. economic resilience, the dollar’s reserve-currency status, and tariff-supported revenues that have kept deficits elevated but not sharply worsening. Moody’s Aa1 rating, assigned after its May 2025 downgrade, carries a comparable stable outlook. With the next major debt-ceiling deadline projected for mid-2027 and no immediate fiscal or political catalysts for further action in the remaining months of 2026, rating agencies show little sign of near-term movement. Market pricing reflects this timeline and the agencies’ consistent signals that sustained deficit reduction would be required for any rating pressure to build.