India, Aug. 19 -- S&P Global maintained its 'AA+' credit rating on the U.S., as the increase in revenue from higher tariffs is expected to offset weaker fiscal outcomes.
The outlook on the ratings remained stable, S&P said. The outlook suggested that although a meaningful improvement in fiscal deficit outcomes are unlikely, a persistent deterioration is not expected for the next several years.
U.S. President Donald Trump's administration has gained congressional approval of its signature tax and spending bill, reflecting key policy priorities, and it continues to overhaul the U.S.'s international trade regime, said S&P.
The agency cited that the sovereign ratings on the US are underpinned by the wealth, resilience, and diversity of its e...