7/24/2020, 10:35 AM (Source: TeleTrader)
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Eurozone sovereigns' debt depends on recovery - Moody's

The Eurozone sovereigns' debt to GDP ratios are expected to significantly grow this year, Moody's Corp. stated in its newest report published on Friday.

Furthermore, it was revealed that the euro area sovereigns' credit profiles will highly depend on the speed and intensity of the European Union's economic recovery. Italy, France and Spain are set to register the highest median debt-to-GDP ratio.

"While we expect the coronavirus-related temporary measures to be gradually removed as normal economic activity resumes, rating trajectories will be informed by euro area sovereigns' medium-term policies and their effectiveness in nurturing growth while gradually lowering public sector indebtedness," Moody's Vice President Olivier Chemla said in the report.

Baha Breaking News (BBN) / ND