Will Asking For Covid Assistance Cause a Ratings Downgrade?
Earlier this year, the Official Sector put in place a debt relief program for the poorest nations so that they would be able to utilize their scarce resources to ameliorate the havoc being caused by the pandemic. Some countries, however, have been concerned that asking for assistance will cause a ratings downgrade. But would it? What if the country needs this assistance to put it on a better path to economic recovery? What factors go into a ratings determination? Do contract terms make a difference? On this episode, we ask our good friend, ratings guru Elena Duggar, to help us understand the answers to these questions.
Producer: Leanna Doty