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S&P Global Ratings expects credit losses of 1.3 trillion across banking systems

News | Payments General | 13 Jul 2020

S&P Global Ratings, a rating agency, has announced in a report that the COVID-19 pandemic and responses to it will have long-lasting effects on bank asset quality. 

S&P, banks, S&P Global Ratings, COVID-19, coronavirus, banking, Asia-Pacific, China, North America, Western Europe, US, Canada, loan, US Federal Reserve