Fitch Affirms US at AA+ as Debt-to-GDP Seen Reaching 127% by 2027
Updated
Updated · Crypto Briefing · Aug 13
Fitch Affirms US at AA+ as Debt-to-GDP Seen Reaching 127% by 2027
3 articles · Updated · Crypto Briefing · Aug 13
Summary
Fitch kept the US at AA+ with a stable outlook, signaling no near-term downgrade even as it warned the federal debt burden will keep rising.
The agency projects debt-to-GDP climbing from 114.5% at end-2024 to 127% by end-2027 and cut its 2026 real GDP forecast by 0.3 point to 1.9%.
Fitch said elevated inflation, energy-price volatility tied to geopolitical tensions, and tariff-driven supply-chain and import-cost pressures are weighing on growth.
The affirmation rests on the US economy’s scale, high per-capita income, business flexibility and the dollar’s reserve-currency role.
Fitch cut the US from AAA in 2023, and Moody’s downgraded it in May 2025, leaving all three major agencies one notch below top tier.