Institution: Risk of Downgrade of Credit Rating for Oil-Importing Countries

Chris Iggo, an analyst at Ansheng Investment Management, stated in a report that due to tight energy supply and high prices, the credit ratings of major oil-importing countries are facing downgrade risks. Since the outbreak of the Middle East war, the supply has been interrupted due to the blockade of the key oil shipping route, the Strait of Hormuz, leading to high oil prices. Investors are waiting for the results of negotiations between the US and Iran this weekend on the possibility of a permanent solution to the conflict.