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Coronavirus pushes global credit rating downgrade threat to record high

IMG Auteur

USA Gold

Published : June 03rd, 2020

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Category : Coins dealers headline


	Reuters/Marc Jones “A total of 1,287 of S&P’s ratings are now on a downgrade warning – either with ‘negative outlooks’ where a move might take two years, or on ‘CreditWatch with negative implications’ where the risk is almost immediate.” USAGOLD note: It is difficult to forecast the extent of financial damage that would be unleashed by a massive downgrade of credit-worthiness on the level this article suggests. Two-thirds of debt issuers – private and public – face downgrades the result of the COVID-19 pandemic with many suddenly risking “fallen angels” status – going from investment grade to junk. Repost from 5-29-2020

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