Weak public finances, rising policy uncertainty challenging the predictability of US policymaking weigh on the outlook. A wealthy, competitive economy, institutional resilience and the dollar’s reserve currency status anchor the ratings.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

Recurrent debt-ceiling risk, rise in polarisation and elevated federal deficits drive the Negative Outlook. A large and wealthy economy, dollar’s status as the primary international reserve currency and a leading financial system are credit strengths.

Increasing longer-run risk related to misuse of the debt ceiling drives this review for possible downgrade. A large and wealthy economy, dollar’s status as the primary international reserve currency, and a leading financial system are credit strengths.

A large, wealthy economy, dollar’s status as the leading international reserve currency and deep capital markets remain credit strengths. Rising economic risks, elevated public debt and risk connected with the debt ceiling reflect credit challenges.

Monitoring review announcement

A large, wealthy economy, dollar’s status as the leading international reserve currency and deep capital markets are credit strengths. Structural increase of public debt, high fiscal deficits and risk connected with the debt ceiling are credit challenges.