April 24, 2020 / 9:52 PM / a month ago

BRIEF-S&P Says Andorra Outlook Revised To Stable From Positive As Covid-19 Causes Deficits To Spike

April 24 (Reuters) - S&P:

* S&P SAYS ANDORRA OUTLOOK REVISED TO STABLE FROM POSITIVE AS COVID-19 CAUSES DEFICITS TO SPIKE; ‘BBB/A-2’ RATINGS AFFIRMED

* S&P SAYS EXPECT ANDORRA’S ECONOMY TO CONTRACT IN 2020 AS EFFECTS OF COVID-19 PANDEMIC KICK IN, BEFORE RECOVERING IN 2021 AND THEREAFTER

* S&P - FISCAL STIMULUS ANDORRA IS APPLYING TO ECONOMY TO LEAD TO LARGER-THAN-ANTICIPATED FISCAL DEFICITS, CONSEQUENTLY, SUBSTANTIAL RISE IN GOVERNMENT DEBT

* S&P - REVISING OUR OUTLOOK ON ANDORRA TO STABLE FROM POSITIVE Source text: [bit.ly/2VA3KMD] (Reuters.Briefs@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below