China, Canada, and Saudi Arabia face sluggish global demand, triggering a downgrade in sovereign debt by Weiss Ratings, an independent rating agency of U.S. financial institutions and sovereign debts.
Alternatively, Weiss upgraded the sovereign debt of India and Singapore as their economies improve despite global economic challenges. At the same time, Weiss confirms the U.S. sovereign debt rating remains unchanged at C-.
Weiss’ sovereign debt rating changes are as follows:
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