Standard & Poor's said the potential number of downgrades again declined slightly in August, though banks showed the highest propensity for downgrades.

The ratings agency defines "potential downgrades" as entities with a negative outlook or ratings on watch for downgrade for ratings between triple-A, the highest credit rating, and B-minus, the lowest rating before highly speculative.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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