Fitch Ratings does not want to find itself in S&P’s shoes.

While triggering the U.S. spending cuts known as the sequester and a government shutdown won’t prompt a ratings downgrade, those outcomes “erode confidence” of achieving deficit reduction needed to sustain the nation’s top credit grade, according to Fitch Ratings.

In other words, don’t make these $1.3 trillion in budget cuts because it makes you look like a banana republic. But do cut the deficit by $1.6 trillion. Either way, we probably won’t downgrade you because we’d rather not be sued for everything and more.

Sequester Won’t Spur U.S. AAA Rating Downgrade, Fitch Says [Bloomberg]

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Comments (10)

  1. Posted by asianbankingsensation | February 27, 2013 at 3:16 PM

    Pussy

  2. Posted by Short Shazar Quant | February 27, 2013 at 3:22 PM

    2007-08 ratings agency commentary on structured products, add that to the list of things that add more value and make more sense than Jon Shazar.

  3. Posted by Alpha_Bets | February 27, 2013 at 3:23 PM

    I feel like I need a SHAZMAT suit to read this pollution.

  4. Posted by Guest | February 27, 2013 at 3:46 PM

    Hi Shazar, my name is ShaZeef. I feel we could be very big friends.

  5. Posted by Guestido | February 27, 2013 at 4:48 PM

    Shazar, S&P is being sued for intentionally misrating deals (you even elude to this by linking Matt's article), not for downgrading the Government. Apples and oranges my friend. Lock it up.

  6. Posted by Phred | February 27, 2013 at 5:02 PM

    I don't get it – your point is allusive.

  7. Posted by C. Bigsby | February 27, 2013 at 5:04 PM

    Sir! I am going to make this very clear. I am in no way, shape, or form involved in any Shazardom.

  8. Posted by Guestido | February 27, 2013 at 5:08 PM

    Touche, allude*

  9. Posted by Eureka | February 27, 2013 at 7:32 PM

    it's like he wants to be downvoted

    everyone upvote his posts

  10. Posted by Sanity | February 27, 2013 at 9:16 PM

    You guys are losers, no matter how you slice it