FITCH CONFIRMED US SOVEREIGN CREDIT RATING AA+

ON 14 AUGUST, FITCH CONFIRMED THE UNITED STATES SOVEREIGN CREDIT RATING AA+. FITCH PREDICTED THAT THE UNITED STATES WOULD REACH THE DEBT CEILING BY MID-2027 AND THAT ITS DEBT TO GDP WOULD RISE TO 123 PER CENT BY 2028. FITCH FORECASTS THAT GROWTH IN THE UNITED STATES WILL INCREASE BY 1.9 PER CENT IN 2026-2027。