News Headline Summary

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

Fitch:
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)

Moody's:
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:
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)

Analysis details (15:22)

- 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.

02 Jan 2013 - 15:14 - - Source: RANsquawk

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