KBRA Affirms AAA/K1+ Ratings for the U.S.; Outlook Stable
21 Mar 2025 | New York
KBRA affirms the long-term issuer ratings of AAA for the United States of America (U.S.). KBRA also affirms the short-term issuer ratings of K1+ for the sovereign. The Outlook on the long-term ratings is Stable.
| This credit rating is an unsolicited credit rating. | |
|---|---|
| With Rated Entity or Related Third-Party Participation | Yes |
| With Access to Internal Documents | No |
| With Access to Management | Yes |
KBRA's ratings of the U.S. reflect our expectations for the continued primacy of the U.S. dollar as the key global reserve currency and the abundant access to liquidity this affords. Repeated budget and debt ceiling brinkmanship have not posed a risk to KBRA’s view. KBRA recognizes that large deficits and a growing interest bill are costly and, if unchecked, could perhaps begin to erode the U.S.’ fundamental and exceptional credit strengths, but we believe that scenario remains very unlikely. KBRA also expects that political elites across both main political parties recognize the importance of addressing fiscal imbalances, even if the precise solutions lack certainty or agreement.
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