S&P affirms 'AA+' credit rating for US, cites economic resilience

S&P Global affirmed the U.S. sovereign credit rating at AA+ and kept the outlook stable, citing economic resilience, strong institutions, and solid fiscal revenue collection. The agency expects U.S. growth of about 2% from 2026 to 2029 and said tariff income is helping offset fiscal risks. It also noted that first-quarter GDP was revised up to 2.1% annualized, above the 1.6% Reuters consensus, though consumer spending was weaker than initially thought. The ruling is broadly supportive for risk assets because it signals no immediate deterioration in U.S. credit quality, while also reinforcing the view that AI-related investment remains an important driver of capital spending.