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Rising rates pressuring countries’ credit ratings, S&P Global warns

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Reuters UK

By Marc Jones LONDON (Reuters) – A growing group of countries are likely to see their credit ratings come under pressure as rising global interest rates hit already-stretched finances, one of the world’s biggest rating agencies, S&P Global, has warned. A report by the firm on Wednesday said that heavily indebted Italy would face its highest debt bill as a percentage of its GDP since 2012 without European Central Bank help, while Ukraine, Brazil, Egypt, Ghana and Hungary were the most vulnerable emerging market countries. “Rising rates look to be fiscally challenging for a minority of developed…

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