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
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Fiona Lam
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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 rating changes that is the most pronounced since the aftermath of the 2009 global financial crisis.
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