S&P Expects Middle East War Escalation To Have Long-Lasting Effects On U.S. Economy & Credit Conditions

March 13 (Reuters) - S&P:

• S&P: ESCALATION OF MIDDLE EAST WAR COULD HAVE LONG-LASTING EFFECTS ON U.S. ECONOMY & CREDIT CONDITIONS

• S&P: NEGATIVE SUPPLY SHOCK FROM MIDDLE EAST WAR WILL LOWER U.S. GDP GROWTH AND RAISE INFLATION

• S&P: EXPECT U.S. OIL & GAS PRODUCERS WILL BENEFIT FROM ELEVATED OIL PRICES DUE TO MIDDLE EAST WAR

• S&P: DON’T EXPECT MIDDLE EAST WAR TO MATERIALLY AFFECT U.S. BANKS

• S&P: SUSTAINED DISRUPTIONS TO SHIPPING CORRIDORS DUE TO MIDDLE EAST WAR WOULD INCREASINGLY SPILL OVER TO U.S.