Recently, the international rating agency Fitch announced the highly anticipated credit rating results for the United States. Fitch maintained the United States' AA+ rating and gave it a stable rating outlook, sparking widespread attention and discussion in the financial markets.

This rating decision reflects the complex state of the U.S. economy. Fitch affirmed several advantages of the U.S. economy, including its large economic scale, high per capita income levels, vibrant business environment, and the unique financing advantages of the dollar as the world's primary reserve currency. These factors form a solid foundation for the U.S. to maintain its AA+ rating.

However, Fitch also pointed out the severe fiscal challenges facing the United States. High fiscal deficits, heavy interest burdens, and the continuously growing government debt have become major obstacles to further improvements in the U.S. credit rating. More concerning is that the U.S. has yet to take effective measures to address these fiscal issues, particularly in terms of a lack of substantive progress in solving fiscal deficits, debt burdens, and the spending growth brought about by an aging population.

Fitch's fiscal forecast shows that the U.S. government deficit as a percentage of GDP is expected to exhibit fluctuations over the next few years. It is projected that this ratio will decrease from 7.7% in 2024 to 6.9% in 2025, but will then rise again, potentially reaching 7.8% in 2026 and likely climbing to 7.9% in 2027. This forecast highlights the challenges facing the U.S. medium- to long-term fiscal situation.

After the rating results were announced, the financial markets reacted immediately. The US stock market experienced volatility shortly after opening, as investors began to reassess their asset allocation strategies. The bond market was also affected, with fluctuations in US Treasury yields reflecting subtle changes in investor confidence towards US Treasuries. Global financial market participants, including central banks and large financial institutions from various countries, are closely monitoring this rating result and its potential far-reaching impacts on the global economy and financial system.

Despite maintaining an AA+ rating, this decision has sown seeds of uncertainty for the global economy. As a major driver of the global economy, changes in the fiscal situation of the United States could trigger a chain reaction in the world economy. International investors will continue to closely monitor the subsequent direction of U.S. fiscal policy and measures to address debt challenges. Whether the U.S. can effectively improve its fiscal situation and mitigate potential debt risks not only relates to its own economic stability but will also have a profound impact on the global economic landscape.