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Covid-19 has led to the global contraction. Considering the negative impact of covid-19 on financial markets, how would this affect the credit rating if a

Covid-19 has led to the global contraction. Considering the negative impact of covid-19 on financial markets, how would this affect the credit rating if a company decides to issue debt in the market? Please explain it in terms of factors such as probability of default, recovery rate, credit spread or migration.

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