Pressure on global corporate credit ratings is at the worst level since the financial crisis, Standard & Poor’s (S&P) has warned.
In a report on Tuesday, the ratings agency said that 17 percent of debt-issuing companies were on “negative credit watch” at the end of 2015, meaning they had a 50 percent chance of being downgraded within the next three months. This outnumbered the number of companies on “positive credit watch” by a ratio of three-to-one.
This meant that negative outlooks on global companies exceeded positive ones by the worst margin —11 percent — since 2008-09, S&P said.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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