(ANSA) – MILAN, MARCH 29 – The shock of the invasion of Ukraine is a turning point in the credit cycle in Europe and a deterioration of the sector’s prospects is expected, with “a tightening of financing conditions and a rate of default up to 2.5% by the end of the year “. This was stated in a report by S&P Global Ratings on credit conditions in Europe for 2022.
“Energy security, further disruptions in supply chains and increased inflationary pressures are the risk factors that are most likely to affect European credit conditions in the coming months,” says S&P, according to which the growth of the European Union and the United Kingdom United this year is expected to slow to 3.3% and 3.5% respectively. (HANDLE).
Source: Ansa
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