News Headline Summary

Fitch debt limit suspension removes near-term risk to US AAA

- In line with Fitch's previous commentary, agreement on a credible medium term deficit reduction plan consistent with sustaining the economic recovery would likely result in the affirmation of the US AAA rating and revision of the rating outlook to stable from negative. In the absence of such a plan, the negative outlook would likely be resolved with a downgrade later in 2013.

Analysis details (12:03)

- Very similar to comments we saw on January 15th from Fitch.

28 Jan 2013 - 12:02 - - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: