"2024 Credit Ratings: US and China Take Center Stage"

Moody's has issued downgrade warnings for the US and China, the world's two largest economies, citing concerns over rising debt levels and economic challenges. Turkey, on the other hand, could see its first credit rating upgrade in over a decade if it maintains its policy repair efforts and attracts foreign investors. Oman may be elevated to investment-grade status, potentially leading to significant inflows and lower borrowing costs. Panama faces the risk of being downgraded to "junk" status due to the closure of a major copper mine. Israel's ongoing conflict with Hamas could result in its first-ever credit rating cut. Overall, 2024 is expected to bring pivotal moves in sovereign credit ratings due to record debts, higher borrowing costs, and geopolitical tensions.