WASHINGTON — An expected economic slowdown this year, driven by the subprime mortgage crisis, will negatively affect bond issuers to varying degrees, but widespread ratings downgrades should not occur, according to a report released late Monday by Fitch Ratings.

The agency noted several areas of concern this year, including reduced property and sales tax collections by state and local governments, and higher costs of capital stemming from increased rates and yields.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.