Global Macroeconomic Scenarios: Implications for Credit Ratings

Global macroeconomic forecasts have shifted dramatically amidst the rapid spread of the Coronavirus Disease (COVID-19) and associated responses from governments, corporations and households. Globally, credit ratings have already come under some pressure due to the significant drop in economic activity. In the context of this highly uncertain environment and for the sake of transparency, DBRS Morningstar released a commentary on global macroeconomic scenarios and their implications for credit ratings.