Major rating agencies have maintained stable outlooks on U.S. sovereign credit following Moody’s 2025 downgrade and Scope’s subsequent action, with S&P and Fitch affirming AA+ ratings amid resilient economic growth and the dollar’s reserve status. Recent Treasury guidance on steady debt issuance through 2027 and congressional handling of appropriations have reduced near-term disruption risks, while high deficits around 6% of GDP and rising interest costs have not triggered fresh negative actions. These factors underpin trader consensus that another downgrade is unlikely before the end of 2026, as agencies prioritize long-term fiscal trajectories over immediate pressures absent acute debt-ceiling standoffs or policy shocks.