The positive economic noises emanating from the emerging markets have been confirmed this week in a report by S&Ps which shows a second consecutive quarter of improvements in corporate upgrades.
Ratings actions for corporate downgrades accounted for only 30% of the total number while 2003 saw five more upgrades than downgrades ? 62 over 57. These figures produced a downgrade ratio of 48%. Not since 1996 has such a low ratio been seen – positive signs indeed.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
