Global Sovereign Credit Rating Downgrades Set To Hit Record High, Fitch Says

``Low commodity prices and a strong U.S. dollar are still having a severe impact on sovereign credit ratings of countries across the globe, Fitch -- one of the world's three big credit rating agencies -- said in a report released Thursday. According to the agency's biannual Sovereign Review and Outlook, the first half of 2016 saw 15 rating downgrades of sovereign borrowers, compared with the record full-year high of 20 in 2011.''