LONDON, May 22 - From Brazil, Nigeria and Turkey to even some of the riskiest emerging markets such as Egypt and Zambia, evidence is growing that a decade-long deterioration in sovereign credit ratings has finally started to reverse.
Emerging markets from Brazil to Zambia are witnessing a positive shift in sovereign credit ratings, reversing a decade-long trend of deteriorations. Economists note this turnaround is crucial for reducing borrowing costs amid global fiscal pressures. Key factors include COVID recovery, energy market stability, and improved policymaking.
By Marc Jones LONDON (Reuters) - From Brazil, Nigeria and Turkey to even some of the riskiest emerging markets such as Egypt and Zambia, evidence is growing that a decade-long deterioration in sovereign credit ratings has finally started to reverse.
Emerging markets from Brazil to Zambia are witnessing a long-awaited improvement in sovereign credit ratings after a decade of declines. Economists note that this trend is supported by post-COVID recoveries, energy price adjustments, and improved fiscal policies, potentially lowering borrowing costs for these nations.
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