国际评级：安融（香港）评级确认美利坚合众国“AA+”国际评级；展望:负面
国际评级：安融（香港）评级确认美利坚合众国“AA+”国际评级；展望:负面
2024年12月5日，中国香港。安融（香港）评级确认美利坚合众国（简称“美国”）的长期主体评级为“AA+”，展望为“负面”。
评级结果肯定了美国是全球最大的经济体，亦是人均GDP最高的国家之一，美元在全球外汇储备中及全球贸易结算中占据着重要地位；同时也关注美国政府债务总额规模庞大，负债率处于很高水平，加剧美国的财政债务风险，全球宏观经济形势呈现出复杂多变的态势，导致美国经济增长面临不确定性，日益加重的人口老龄化形势将持续影响美国的经济活力并对公共财政构成压力。
关键评级观点
优势
美国是全球最大的经济体，亦是人均GDP最高的国家之一；
美元在全球外汇储备中及全球贸易结算中，占据着重要地位。
关注
政府债务总额规模庞大，负债率处于很高水平，加剧美国的财政债务风险；
全球宏观经济形势呈现出复杂多变的态势，导致美国经济增长面临不确定性；
日益加重的人口老龄化形势将持续影响美国的经济活力并对公共财政构成压力。
评级展望
美国的债务水平处于持续抬升趋势中，高利率导致政府债务成本显著上升，将拖累经济成长。综合考虑，安融（香港）评级授予美国的信用评级展望为负面。
注：
1、上述评级均为主动评级。
2、本文译自英文版新闻稿。若有分歧，以英文版为准。
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相关信用评级委员会召开日期：2024年12月5日
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本次评级依据评级对象已经正式对外公布的信息，相关信息的合法性、真实性、完整性、准确性和及时性由评级对象及其信息发布方负责。安融(香港)评级按照相关性、及时性、可靠性的原则对评级信息进行了审慎分析，但对上述信息的合法性、真实性、完整性、准确性和及时性不作任何保证。评级结果未考虑无法获取的可能对信用等级有重要影响的非公开数据。
本报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着安融(香港)评级实质性建议任何使用者据本报告采取投资、借贷和交易等行为，也不能作为使用者购买、出售或持有相关金融产品的依据。在任何情况下，安融(香港)评级、安融(香港)评级董事、股东、雇员、代表不对任何投资者（包括机构投资者和个人投资者）使用本报告所表述的安融(香港)评级的分析结果而出现的任何损害、开支、费用或损失承担任何责任，亦不对被评对象或其发行人使用本报告或将本报告提供给其它方所产生的任何后果承担任何责任。
ARHK Affirms ‘AA+’ International Rating to the United States, Outlook Negative
5 December 2024
Hong Kong, December 5, 2024. ARHK has affirmed an international scale long-term issuer credit rating of ‘AA+’ to the United States, with a negative outlook.
The rating results confirm that the United States is the largest economy in the world and also one of the countries with the highest GDP per capita. The US dollar holds a significant position in global foreign exchange reserves and global trade settlements. However, it also highlights the substantial scale of the US government's total debt, with a high level of debt ratio that exacerbates the fiscal debt risk of the US. The global macroeconomic situation is complex and volatile, causing uncertainty in the US’ economic growth. The increasingly severe aging population situation will continue to affect the economic vitality of the US and put pressure on public finances.
KEY RATING PERSPECTIVES
Strengths
The United States is the largest economy in the world and also one of the countries with the highest GDP per capita.
The US dollar holds a significant position in global foreign exchange reserves and global trade settlements.
Weaknesses
The substantial scale of the US government's total debt is concerned, with a high level of debt ratio that exacerbates the fiscal debt risk of the US.
The global macroeconomic situation is complex and volatile, causing uncertainty in the US’ economic growth.
The increasingly severe aging population situation will continue to affect the economic vitality of the US and put pressure on public finances.
RATING OUTLOOK
The debt level of the United States is in a continuous upward trend, and high interest rates have led to a significant increase in government debt costs, which will drag down its economic growth. Taking all factors into consideration, ARHK assigns a negative outlook to the credit rating of the United States.
NOTE:
1. The above ratings are all unsolicited credit ratings.
2. The Chinese version of this article is translated from the English version of the press release. In case of discrepancies, the English version shall prevail.
ANALYST CONTACTS
Analyst
Lam Yui Ying
Committee Chair
James Hu
Media Contact
Rating Services Contact
Lam Yui Ying
Date of Relevant Rating Committee: 5 December 2024
Additional information is available on www.arrating.com
Related Criteria
Sovereign Credit Rating Methods and Models (28 November 2024)
DISCLAIMER
This rating is based on information officially released to the public by the rated objects. The legality, authenticity, completeness, accuracy, and timeliness of the relevant information are the responsibility of the rated objects and its information publishers. ARHK has conducted a prudent analysis of the rating information based on the principles of relevance, timeliness, and reliability, but does not guarantee the legality, authenticity, completeness, accuracy, and timeliness of the above information. The rating results did not take into account non-public information that may have a significant impact on the credit rating and could not be obtained.
Any statements and judgments regarding the credit status of the rated objects in this report are only for reference in relevant decision-making and do not imply that ARHK substantively recommends any user to invest, borrow or lend money, and trade based on this report, nor can they be used as a basis for users to purchase, sell, or hold related financial products. Under no circumstances shall ARHK, as well as its directors, shareholders, employees, or representatives be liable for any damages, expenses, costs, or losses incurred by any investor (including institutional and individual investors) as a result of using the analysis results presented in this report, nor shall they be liable for any consequences arising from the use of this report by the rated objects or their issuers or providing this report to other parties.