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S&P warns more sovereign downgrades likely this year

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - More governments are likely to see their sovereign credit ratings cut this year, S&P Global said on Wednesday.An average of more than one country a week has had its rating cut by the big rating agencies - S&P, Moody's and Fitch - since the start of 2014.A new report from S&P showed it had 30 sovereigns on downgrade warnings, or "negative outlooks" in rating firm parlance, at the start of the month, compared with just six on positive outlooks."This outlook distribution suggests that negative rating actions are likely to continue to outnumber positive actions ...

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First Published: Wed, July 12 2017. 22:08 IST