The credit quality of rated corporate, sovereign and banking debt issuers improved significantly...

|By:, SA News Editor

The credit quality of rated corporate, sovereign and banking debt issuers improved significantly in Q3, Moody's says, with the downgrade/upgrade ratio falling to less than 4:1 from 9:1 in Q2. Still, despite the overall improvement to issuers' creditworthiness, "current watchlists and outlooks speak to a continued difficult credit environment," firm says.