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Global sovereign credit cycle may improve on better growth forecast: Fitch

Global sovereign credit cycle may improve on better growth forecast: Fitch

Reuters 

The global sovereign credit cycle is likely to turn less negative in 2017 as the global GDP growth forecast for 2017 and 2018 had improved, ratings agency Fitch said on Wednesday. "The biggest constraint on ratings is high and still-rising government debt levels, evident in both developed and emerging markets, leaving sovereigns exposed to a change in the global interest rate environment," James McCormack, global head of Sovereign and Supranational Ratings at Fitch, said in a statement. http://bit.ly/2tM9i7e The ratings agency added that the rating outlook trend has ...

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First Published: Wed, July 12 2017. 17:44 IST
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