Fiscal Exit Strategies Important For Credit Outlook Of 'AAA' Rated Economies: Fitch

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Fiscal exit strategies will play a big part in the assessment of the outlook of sovereign credit worthiness in high 'AAA' rated countries like the U.S, UK, France, Spain and Germany, Fitch Ratings said in a report Thursday.

'The credibility of the commitment to low inflation and sustainable public finances needs to be strengthened by greater clarity on strategies for withdrawing the exceptional fiscal stimulus of this year and next", Brian Coulton,Head of EMEA Sovereigns Ratings at Fitch said.

'Governments need to validate confidence in their commitment to fiscal consolidation over the medium term - a key support to their 'AAA' status and ability to fund and sustain large fiscal deficits in the near term - by articulating credible exit strategies relatively soon, David Riley, Head of Global Sovereign Ratings at Fitch added.

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