Reuters exclusively reports Fitch says upgrades of major economies unlikely in 2021 despite COVID-19 vaccine

Fitch Ratings told Reuters that upgrades of any major economy are unlikely in 2021 despite recent developments related to COVID-19 vaccination, and that countries in Latin America, the Middle East and Africa show the highest level of vulnerability to further negative action in the coming year. Moody’s told Reuters the week prior that most sovereigns face a “significant negative shock” from the pandemic while S&P Global said in October that some of the world’s top economies could see their credit ratings cut or put on downgrade warnings in the coming months.