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Fitch cuts view on global sovereign debt

Channel News Asia LogoChannel News Asia1 mo ago

Fitch cuts view on global sovereign debt

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LONDON : Credit rating agency Fitch downgraded its view on sovereign debt on Thursday on concerns about the rise in global borrowing costs and the potential for a flurry of new defaults.

"Most exposed are emerging market (EM) sovereigns, but some highly indebted developed markets are at risk as well, including in the euro zone".

The number of countries seeing their credit ratings cut has begun to rise again this year as the pressures have built.


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Article Details

Category: Economy

Topics: Mccormack Ratings Mediacorp Costs Sovereign Countries Inflation Credit Sovereigns Global Fitch

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 00:38:55

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 431 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 23431

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 3h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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