News Headline Summary

S&P Chambers says a temporary US fiscal fix won't change ratings outlook much

- Would need grand bargain to stabilize US rating.
- Any long term deal must stabilize debt to GDP to affirm rating.
- Triggering fiscal cliff will not automatically lead to downgrade.
- Current rates US at AA+ with negative outlook.
- US can't grow its way out of fiscal problems.

12 Nov 2012 - 20:13 - Equities - 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: