COVID-19 Related Corporate, Financial Institution, and Sovereign Rating Actions

This document provides some insight on the negative rating actions taken as a result of the impact of the coronavirus (entirely or in part) since March 1, 2020, on privately and publicly rated issuers (namely downgrades, trend changes, and/or a negative under review status). Note that multiple rating actions taken simultaneously on an issuer, such as a downgrade and a trend change to Negative, would count as a single action for the purpose of the summary statistics illustrated in the charts below, although repeated actions taken on a specific issuer over the course of the pandemic will be compiled individually.