Fitch Reassures U.S. Creditworthiness Amidst Fiscal Concerns

Despite rising concerns about the U.S.’s growing debt levels, Fitch Ratings has reaffirmed the country’s ‘AA+’ credit rating with a stable outlook. The agency highlighted robust economic indicators like GDP size and the dollar’s global currency status as key stabilizing factors for the nation’s finances. However, Fitch acknowledges the substantial fiscal deficits that present long-term challenges. Notably, this reaffirmation ensures access to affordable capital markets while cautioning against neglecting the potential impact of these deficits on sovereign debt instruments and stablecoins backed by dollars.