**Major credit rating agencies have held the US sovereign rating at AA+/Aa1 with stable outlooks after prior single-notch downgrades, reflecting economic resilience that offsets elevated but contained fiscal pressures.** S&P affirmed its AA+ rating in June 2026, and Fitch did the same in August 2026, citing solid growth, tariff revenues, credible monetary policy, and expectations that deficits will remain high yet broadly stable rather than accelerate sharply. Debt has surpassed $40 trillion with interest costs rising, yet agencies emphasize the dollar’s reserve status, institutional strength, and flexible financing as buffers against near-term further cuts. No major agency has signaled an imminent review or additional downgrade in the months ahead, supporting trader expectations that another reduction before 2027 remains unlikely. Scheduled debt-ceiling negotiations and mid-term dynamics could introduce volatility later, but current agency commentary points to continuity in the existing rating level through year-end.