S&P Global Reports Record Number of Potential Downgrades
Nearly 80 banks all over the world and a number of prominent countries such as Australia, Chile, Mexico, and South Africa are facing potential credit deterioration because of the coronavirus, according to a new S&P Global Ratings report.
S&P Global has identified 1,287 potential credit downgrades around the world in its latest credit update, more than doubling its total in two months -- and even coming in higher than the previous record set in April 2009, during the financial crisis.
Source Fool.com
