S&P Global affirmed its "AA+" credit rating for the US on Friday, saying the economy's resilience supported solid fiscal revenue collection.
The ratings agency said it expected the US economy to grow at around 2 percent over 2026 to 2029, adding that despite heightened political polarization, strong institutions and the system of checks and balances will continue to anchor policy outcomes.
"Broad revenue buoyancy, including solid tariff income, should help mitigate the risk of fiscal slippage," it said.
The US economy grew faster than previously estimated in the first quarter, with the gross domestic product increasing at an upwardly revised 2.1 percent annualized rate. Economists polled by Reuters had expected that GDP growth would be unrevised at a 1.6 percent rate.
The boost to growth from lower imports was partially offset by a sharp downgrade to consumer spending, which accounts for more than two-thirds of the economy.
S&P, which became the first ratings agency to cut the pristine US government rating in 2011, said the outlook on the US rating remains stable.
The stable outlook incorporates its view about the strength of the US economy despite changes in domestic and international policies.
It also said that robust AI investment was expected to remain a key pillar of overall investment, though it added that the longer-term productivity gains from AI remain uncertain at this stage.
