S&P Global Affirms US Credit Rating at AA+

S&P Global Ratings has reaffirmed the United States' long-term sovereign credit rating at AA+, maintaining a stable outlook and underscoring the resilience of the world's largest economy despite persistent political polarization and evolving fiscal challenges.

In its latest assessment released on Friday, the ratings agency projected that the U.S. economy will expand at an average annual rate of approximately 2% between 2026 and 2029, supported by robust institutions, policy continuity, and sustained economic strength.

S&P said the country's longstanding system of institutional checks and balances is expected to continue supporting policymaking, even as political divisions remain elevated.

The agency highlighted solid government revenue performance, including stronger-than-expected tariff receipts, as a key factor helping to mitigate fiscal pressures and reduce the risk of a significant deterioration in public finances.

The reaffirmation comes as the U.S. economy continues to outperform expectations. Revised government data showed that first-quarter gross domestic product (GDP) expanded at an annualized rate of 2.1%, exceeding both earlier estimates and economists' forecasts, which had anticipated growth of around 1.6%.

While the upward revision was largely driven by a decline in imports, S&P noted that weaker consumer spending, a critical component accounting for more than two-thirds of U.S. economic activity, remains an area requiring close monitoring.

S&P maintained a stable outlook on the U.S. sovereign rating, reflecting confidence that the American economy possesses sufficient flexibility to absorb shifts in both domestic and international policy environments.

The agency also identified investment in artificial intelligence as an increasingly important driver of capital spending and long-term economic expansion. However, it cautioned that the full productivity gains from AI technologies have yet to be demonstrated and remain uncertain over the longer term.