Fitch Ratings sees a variety of macroeconomic factors - highlighted by sovereign risks in Europe - ushering in a period of "conservatism" in liquidity management that will help set the stage for an extended period of relatively stable credit condition. "Fitch believes most U.S. corporates are positioned to weather an extended period of weak economic growth or a double-dip in the U.S. at least as severe as the recent trough."