Credit rating 'Fallen angel' danger at record high - S&P Global
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LONDON (Reuters) - The number of companies or countries at risk of seeing their credit ratings cut to junk from investment grade has been pushed to a record high of 111 by the coronavirus pandemic, S&P Global analysis shows.The number of so-called 'fallen angels' has already reached 24 this year, impacting over $300 billion in debt, S&P estimates. The 111 potential fallen angels have another $444 billion of bonds, meaning the amount is likely to spiral much further. Potential fallen angels are..