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On Jan. 14, 2020, S&P Global Ratings lowered its long-term issuer credit rating on China-based integrated aluminum producer Qinghai Provincial Investment Group Co. Ltd. (QPIG) to 'D' from 'CCC-' following the company's failure to pay interest due on Jan. For example, at the end of 2020, the one-year default rate among all financial entities was 0.23%, compared with spin oasis casino 3.8% for all nonfinancial entities. *U.S., Bermuda, and Cayman Islands. Defaulters initially rated 'CCC' show the reverse pattern, with the highest default rate observed in the first year, which is not surprising given the low rating and S&P Global Ratings' associated criteria (see ”Criteria For Assigning CCC+, CCC, CCC-, And CC Ratings,” Oct. 1, 2012). Sector In-Depth . The issuer was unable to raise capital to maintain the regulatory minimum, and subsequently the principal and interest payments spin oasis casino to the depositors were suspended. 8, 2020, S&P Global Ratings raised the issuer credit rating to 'CCC+' following debt repurchases. On Oct. 1, 2020, S&P Global Ratings lowered its long-term issuer credit rating on U.K.-based transportation company Toro Private Holdings I Ltd. to 'SD' from 'CC' after the company completed the announced debt exchange and restructuring, which we view as distressed and tantamount to default, as lenders receive less than the original promise of the debt instruments. On April 24, 2020, S&P Global Ratings lowered its long-term issuer credit rating on Chilean casino operator Enjoy S.A.