March 29, 2023 11:45 GMT
Fitch Write Sovereign Defaults are at Record High
Full piece here: https://www.fitchratings.com/research/sovereigns/s...
- There have been 14 separate default events since 2020, across nine different sovereigns, a marked increase compared with 19 defaults across 13 different countries between 2000 and 2019, says Fitch Ratings in a new report.
- A record five Fitch-rated sovereigns are in default: Belarus, Lebanon, Ghana, Sri Lanka and Zambia