Fitch Ratings: Quarter of EMEA IG Cos Exposed to Coronavirus Have Low Headroom

(The following statement was released by the rating agency) Link to Fitch Ratings' Report(s): https://www.fitchratings.com/site/re/10114135 Fitch Ratings-London-March 17: Over a quarter of investment-grade (IG) corporates in sectors exposed to coronavirus-related pressures have low headroom at their current rating, based on a review of Fitch Ratings' EMEA corporate portfolio. However, only a few of these are in the most exposed sectors, with just 2% of issuers in our review showing a combination of the highest sector exposure and lowest rating headroom. We screened our EMEA IG portfolio based on the exposure of an issuer's sector and the headroom at the current rating to accommodate weakening performance. The screener covers all sectors except those with very low exposure to the virus (utilities and telecoms).