S&P Global has held its rating on US government debt, saying the revenues from President Donald Trump’s aggressive tariff policies will offset the impact of the administration’s signature tax and spending bill.
The influential agency said late on Monday that it would keep its sovereign credit rating at ‘AA+/A-1+’, between its second and third highest rating, also owing to the resilience of the US economy and “credible, effective” monetary policy.
Analysts at the agency forecast that “broad revenue buoyancy, including robust tariff income, will offset any fiscal slippage from tax cuts and spending increases” planned in the US in coming years.