Fitch Warns US Debt Burden Is ‘Far Above’ Other AA Rated Nations

Fitch Ratings is warning the US’s credit grade faces the challenges of a widening deficit that leaves its debt burden “far above” other nations that share its AA score.

Deterioration is likely in the US fiscal position this year due to tax cuts in the One Big Beautiful Bill Act, despite offsets from tariff revenue, a Fitch team including Richard Francis and Shelly Shetty wrote in a Thursday report. That emphasizes the importance of November’s Congressional mid-term elections, they wrote.