Sovereigns face ratings pressure amid pandemic

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By Morgan Davis
22 Apr 2020

Some Asian sovereigns are at risk of being pushed out of investment grade territory as the Covid-19 pandemic takes a toll on their economies. India and Indonesia are of particular concern, with fears high that they are close to becoming fallen angels.

Asian countries have been battered by the Covid-19 pandemic for much of 2020. Against that backdrop, the three global ratings agencies have been quick to analyse the impact of the outbreak on companies around the world.

Many firms have been downgraded in recent weeks, and those ...

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