WASHINGTON (Sputnik) — Broad industry mergers and cost cutting will likely keep the outlook for large US corporations steady in 2017, despite challenges stemming from currency fluctuations and continued low commodity prices, according to a press release by Fitch Ratings Service on Monday.
"The Stable Rating Outlook for US corporate ratings is supported by Fitch's expectation of growth in cash flow due to broad industry consolidation and persistent cost controls," the release explained.
The release also noting the outlook could change either negative or positive during the year, depending on growth rates, inflation and interest rates in the US and global economies.
Low commodity prices, a strong US dollar, sluggish growth in developing countries and disruption from new technologies were cited as the primary threats to business prospects, according to the release.
