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.

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Source Fool.com