Has Covid-19 really moved rating agencies’ goalposts?
Over the past decade, Brazil, SA and Turkey, along with more than half a dozen other nations, have become ‘fallen angels’
25 May 2021 - 14:18
London — Colombia’s loss of its S&P Global investment grade status last week has not only raised the usual question of who is next, but also whether the number of countries seemingly being spared points amounts to a moving of the ratings goalposts.
Being stripped of one’s investment grade credit rating — which can push up borrowing costs — is chastening for any government, but Colombia is by no means alone...
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