S&P Global avoids rating cuts despite Middle East war
S&P Global will not immediately cut sovereign ratings despite the Middle East war. Analysts warn that rising energy costs could still impact vulnerable nations.
Xurve View
Insights:
Xurve View
The credit rating agency S&P Global Inc. stated on Thursday that it will not implement immediate sovereign rating downgrades in response to the escalating conflict in the Middle East. While the firm is avoiding reactive adjustments, analysts warned that the sharp rise in oil and gas prices is creating significant risks for several nations already struggling with limited financial resources.
