Golden Ten Data on May 31, rating agency Scope Ratings said that the challenge of rising structural debt and gradual de-dollarization constitutes a growing pressure point for US sovereign credit ratings. Both of these challenges are likely to accelerate after this year's presidential election. Dennis Shen and Brian Marly, the agency's sovereign and public sector analysts, said in a report that rising fiscal and institutional risks are a core challenge to the U.S. sovereign credit rating, supporting our long-held view of why the U.S. is no longer a AAA-rated, risk-free borrower. Since 2017, Scope has publicly rated the U.S. as AA, two notches below AAA.