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Fitch alerts on global credit risks from oil shock

Fitch alerts on global credit risks from oil shock

Fitch Ratings agency confirmed that the global credit environment has significantly deteriorated due to the economic repercussions of the war between the United States and Iran and energy supply disruptions. It projected that Brent crude oil prices could fall to around $70 per barrel by the end of 2026, provided military tensions decrease and the market stabilizes. Nonetheless, most sovereign and corporate credit ratings remain in a stable outlook so far.

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