Business & Finance
Euro Area Is Seeing Ratings Increasingly Converge, Scope Says
Key Points
Euro Area Is Seeing Ratings Increasingly Converge, Scope Says The euro area is experiencing a phase of convergence across the spectrum of national credit scores despite wildly varying underlying dynamics, Scope Ratings said. The shift toward an equilibrium with slightly higher aggregate borrowings reflects how countries once beset by the region’s sovereign crisis keep improving and other borrowers formerly considered safe show more deterioration, the company said in a report on Monday.
Euro Area Is Seeing Ratings Increasingly Converge, Scope Says
The euro area is experiencing a phase of convergence across the spectrum of national credit scores despite wildly varying underlying dynamics, Scope Ratings said.
The shift toward an equilibrium with slightly higher aggregate borrowings reflects how countries once beset by the region’s sovereign crisis keep improving and other borrowers formerly considered safe show more deterioration, the company said in a report on Monday.