Moody39;s has U.S. and China on downgrade warnings
Turkey could see first upgrade in over a decade
War strains put Israel at risk of first ever downgrade
Panama could be junked, Oman lifted to investment grade

LONDON, Dec 20 Reuters The U.S. and China on downgrade warnings, Turkey hoping for its first upgrade in a decade and Israel facing its first cut plus more than 50 elections to navigate means 2024 could bring pivotal moves in some sovereign credit ratings.

Next year might be starting with highest share of stable sovereign ratings for years, but with record debts now meeting higher borrowing costs, spluttering growth and multiple wars, there are big names are in play.

Moody39;s has negative outlooks on both the United States and China, the world39;s two biggest economies. A downgrade would cost the U.S. its only remaining tripleA rating.

Marie Diron at Moody39;s said it wants to see if Washington can address a threatened very steep deterioration in debt affordability and whether China can stop its property and local government debt woes worsening.

Fitch, which downgraded the U.S. in August, and SP Global are also keeping a close eye as November39;s presidential election approaches.

Many of the factors we pointed to with the U.S downgrade remain in effect, Fitch39;s Ed Parker said, explaining that higher interest rates, defence spending and an aging population would all keep U.S. debt levels rising.

Fitch sees Chinese growth dipping to 4.55 but has also…