Tuesday 28, January 2014 by Matthew AmlĂ´t

2014 outlook stable despite downgrades outpacing upgrades in 2013, says Standard & Poor's

Standard & Poor's Ratings Services downgraded 568 issuers and upgraded 488 in 2013. The resulting downgrade ratio, or the proportion of downgrades to total rating actions, of 54 per cent is the lowest in four years, and is lower than the historical average (since 1987) of 62 per cent.

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