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Covid-19 will weaken governments' fiscal positions, weigh on ratings: Fitch

Downgrades in sovereign ratings likely, the most pronounced since aftermath of 2009 financial crisis


THERE will likely be a higher-than-average number of sovereign rating actions this year, due to the coronavirus outbreak's economic impact combined with the policy responses, according to Fitch Ratings.

The credit ratings agency also expects a downward bias in sovereign...

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