Recent affirmations by major credit rating agencies, including S&P's June 2026 decision to hold the US sovereign rating at AA+ with a stable outlook, reflect expectations of resilient economic growth, steady tariff revenues, and high but non-escalating fiscal deficits. Moody's 2025 downgrade to Aa1 and Fitch's earlier AA+ rating both carry stable outlooks, while DBRS retains AAA. Congress raised the debt limit substantially in 2025, pushing the next binding deadline into 2027, and agencies anticipate timely bipartisan resolutions to avoid disruption. Persistent debt-to-GDP pressures and interest costs remain noted risks, yet current agency assessments and procedural timelines support trader consensus against an additional downgrade before 2027.