In what could be seen as a sign of stabilization among eurozone economies, the pace of European corporate bond downgrades for every upgrade fell nearly in half – to 4.2 – in 2013.
According to a Fitch report, “EMEA Corporate Bonds: Rating and Issuance Trends,” released Wednesday, the ratio of downgrades to upgrades for EMEA financial corporate bonds fell to 4.6 in 2013, from 8.1 the prior year. For non-financials, the ratio fell to 3.9 from 6 a year ago.
