Credit downgrade buffer proposed for poor nations seeking debt help -study Reuters 1 hr ago
LONDON (Reuters) - Poor countries struggling to meet their dues in the wake of the COVID-19 crisis should be given a temporary buffer to avoid the risk of credit rating downgrades while they renegotiate their debt, a study published on Friday said.
Costs from the pandemic have triggered a spiralling in the public debt burdens of many developing countries, prompting the G20 group of major economies to last year unveil a proposal designed to help governments to overhaul the debt they owe to official and commercial creditors.