NU Online News Service, April 10, 2:46 p.m. EDT

Paris-based credit insurer Coface, which evaluates global political and financial risk, said after observing a decline in average financial strength of companies in 22 countries in January, it has performed downgrades and negative watches for 47 countries.

The firm said 28 countries received downgrades and 19 were put on negative watch.

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