Recent affirmations by major credit rating agencies underpin trader expectations against another US sovereign downgrade before 2027. Fitch maintained its AA+ rating with a stable outlook in August 2026, citing the economy’s scale, per-capita income, business environment, and dollar reserve status as offsets to projected deficits near 7.4% of GDP and debt-to-GDP rising toward 123% by 2028. S&P Global Ratings similarly affirmed AA+ with a stable outlook in June 2026, pointing to resilient growth and tariff-supported revenues that stabilize fiscal balances despite structurally higher interest costs. Moody’s Aa1 rating, assigned after its 2025 downgrade, carries a comparable stable view. These positions reflect ongoing congressional patterns of resolving debt-ceiling deadlines without default, with the next major threshold not anticipated until mid-2027. Stable outlooks signal limited near-term risk of further cuts under current policy trajectories.