S&P affirmed the US sovereign rating at AA+/A-1+ with a stable outlook, noting steady but high deficits.It expects US net general government debt to approach 100% of GDP due to rising nondiscretionary interest and aging-related spending.S&P projects US economic growth around 2% following a slowdown in 2025 and 2026.It said fiscal deficit outcomes won’t meaningfully improve, but no persistent deterioration is projected over the next several years.Average annual real GDP growth is expected to decelerate to 1.7% in 2025 and 1.6% in 2026. This article was written by Arno V Venter at investinglive.com.