S&P Global Ratings reaffirmed its AA+ credit rating for the U.S., saying that new revenue raised by the Trump administration's tariffs will help offset the tax cuts authorized by the Republicans' One Big Beautiful Bill Act.

The credit ratings agency, which issued its new assessment of the nation's fiscal health late Monday, said that it is holding its AA+/A-1+ rating steady, with a stable outlook.

The fresh analysis comes after Moody's Ratings, another large credit ratings agency, downgraded the U.S. in May , highlighting investor concerns about the nation's growing debt and policy uncertainty sparked by President Trump's trade policies. While S&P highlighted a range of economic concerns in its report, including the impact of new tax cuts against a backdrop of already high U.S.

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