News Headline Summary

Recent commentary from the three major ratings agencies on the US fiscal cliff:

Failure to avoid the fiscal cliff would exacerbate rather than diminish the uncertainty over fiscal policy. In such a scenario, there would be increased likelihood that the US would lose its AAA status. (December 2012)

The US rating would be placed under review after the debt limit is reached but several weeks before exhaustion of Treasury resources. (September 2012)

S&P do not expect negotiations over the fiscal cliff to have an impact on the sovereign credit ratings of the US government. The general conditions that that led S&P to downgrade the US to AA+ continue to exist. (December 2012)

Update details:

- Fitch rate the US at 'AAA' Outlook negative.
- Moody's rate the US at 'Aaa' Outlook negative.
- S&P rate the US at 'AA+' Outlook negative.

Print 14:20, 02 Jan 2013 - Market Analysis - Source: RANsquawk