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Governments will see fiscal weakness, rating downgrades due to coronavirus: Fitch Ratings

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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, Fitch Ratings said on Wednesday.

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, Fitch Ratings said on Wednesday.

The credit rating agency also expects a downward bias in sovereign rating changes...

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