S&P affirms US credit rating at AA+ with stable outlook

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S&P Global affirmed the United States’ credit rating at AA+ with a stable outlook, saying tariff revenues imposed by President Donald Trump on other countries would offset the fiscal impact of the latest spending bill.

The decision followed Trump’s signing in July of a major tax cut package and the spending bill into law.

The rating agency said the US fiscal position remains the main weakness in its sovereign credit profile.

It added that, for now, the substantial tariff revenues appear sufficient to offset the deficit pressures stemming from the recent budget legislation.