Since March, Standard & Poor's has conducted a review of 90 countries and reduced either credit rating or future outlook in almost half of the cases.
The agency now has 25 countries in the negative outlook category, which is a true warning of a downgrade, compared to only 6 countries in the positive outlook category and 104 countries in the category Stable outlook.
Two prominent proxy analysts wrote in a new report that we believe is likely to cause further negative revision of the classifications.
And analysts estimated that the average deficit in government budgets this year will be about 6.3%.