- Affirmation of US’s AAA rating reflects key pillars of US’s exceptional creditworthiness remains intact
- Reflects pivotal role in global financial system, flexible, diversified and wealthy economy
- Reflects monetary and exchange rate flexibility which helps economy to absorb and adjust to ‘shocks’
- Failure of joint select committee to reach deal on at least $1.2 trln of deficit reductions would likely result in negative rating action
USD/JPY gets a boost to a day’s highs of 76.93
