Political Risks Loom for Sovereigns in 2017, Fitch Ratings Says
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Elevated levels of political risk and uncertainty next year could hurt global sovereigns, Fitch Ratings says.
Alert: HALISTER1- Trend away from conventional politics “reduces the predictability of policy direction in advanced countries in 2017”
- Looser fiscal policy and greater trade protectionism also pose risk to creditworthiness among both advanced and EM economies
- Overall outlook for sovereign ratings in 2017 remains stable but risks “clearly tilted to the downside”
- Euroskepticism and populism could “affect European cohesion” in coming months, with any further significant political shocks potentially “hugely damaging for the European project”
Source: BFW (Bloomberg First Word)
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UUID: 7947283