Western European credit quality declines
EUROPE - Credit quality continued to decline in Q2 as 41 debt issuers were downgraded, according to Moody's Investor Services.
Moody's said the debt issuance market was in the worst state since 2003, with a total of 41 downgrades and 12 upgrades creating a rating gap of -29. Ruth Stroppiana, chief international economist, Moody's...
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