Potential upgrades at highest-ever level

The figures, up by 22 names to 358 since the last report in April, highlight a potential improvement in credit quality, the rating agency says.

“Financials were well placed for potential upgrades, with banks and insurance displaying a high percentage of issuers listed with a positive bias, as were sovereigns,” says Diane Vazza, head of Standard & Poor’s global fixed-income research group at S&P in New York.

The biggest net increases since the previous report were in the banks, forest products

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