S&P Global Ratings has reaffirmed the United States’ long-term credit rating at “AA+” with a stable outlook, but cautioned that the economic impact of trade policies will play a decisive role in shaping the country’s fiscal standing in the years ahead.
“Outcomes are what’s really going to weigh and inform the rating,” Lisa Schineller, primary U.S. analyst at S&P Global Ratings, said in an interview, according to Reuters. She emphasized that the execution of budgetary legislation, the flow of tariff revenues, and their combined effect on growth and investment would determine whether fiscal out-turns improve or weaken.
S&P highlighted that revenues from President Donald Trump’s tariffs have the potential to offset the fiscal strain from his administration’s tax cuts and spending measures. However, the agency noted that the eventual balance between tariff benefits and economic risks will remain central to its rating outlook.
