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Showing posts from November 8, 2017

Moody's outlook for global sovereigns 'stable'

The outlook for sovereign creditworthiness in 2018 is stable overall, with healthy growth and synchronized global economic expansion of 2017 likely to continue into next year, according to Moody's Investors Service on Wednesday. "The stable outlook reflects Moody's expectations for the fundamental credit conditions that will drive sovereign credit over the next 12-18 months," rating agency said in a statement. "The benign state of the global sovereign credit environment is reflected in the fact that almost three-quarters of Moody's-rated sovereigns currently hold a stable rating outlook..." Alastair Wilson, Moody's managing director for global sovereigns, said in the statement. "While the increasingly solid momentum in growth balances against the continuing risks from high debt levels as well as from elevated geopolitical tensions." Pointing at the favorable macroeconomic environment, Wilson said Moody's expects o