Dark clouds gather over European bank credit ratings

By Tyler Davies
10 Aug 2020

The outlook for bank credit ratings deteriorated more sharply in Europe than in any other region over the first six months of 2020, according to Fitch.

The rating agency published new data late on Friday showing how the coronavirus pandemic has increased the risk of downgrades. 

Banks based in developed markets in Europe have been more heavily impacted by the crisis than those in any other region. 

Europe had the highest proportion ...

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