Credit rating agencies warn of sovereign downgrades amid oil price slump; Congo in talks to restructure trader debt; WTO cancels meeting after coronavirus scare

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Fitch, S&P, and Moody's have all offered warnings that if the current oil slump continues it could cause a wave of sovereign downgrades and heavy multi-notch rating cuts to junk-rated oil and gas firms

• The Congo Republic is in negotiation with Glencore and Trafigura to restructure $1.7 billion of debt before a meeting with the International Monetary Fund (IMF) in April

• The World Trade Organization (WTO) said on Tuesday it is suspending all meetings until 20 March after a staff member was confirmed to have covid-19.

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