You are here

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

Singapore

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...