Geopolitical Uncertainty

Ratings

Geopolitical risks have returned to center stage, with the war between Israel and Hamas, the prolonged Russia-Ukraine conflict, and ongoing U.S.-China tensions.

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U.S. Housing Finance Agencies 2023 Medians: Fiscal Stability Reigns For Now With Some Uncertainty On The HorizonChina's Local Governments: Downside Risk Is Rising For Fiscal ConsolidationInstitutional Framework Assessment: Korea's Special Metropolitan Cities And Provinces Commit To Fiscal PrudencyInstant Insights: Key Takeaways From Our ResearchCreditWeek: How Will COP29 Agreements Support Developing Economies?Institutional Framework Assessments For Local And Regional Governments Outside Of The U.S. PublishedCentral And Eastern Europe Sovereign Rating Outlook 2025: Now More ComplicatedCredit Conditions North America Q1 2025: Policy Shifts, Rising TensionsInstitutional Framework Assessment: Danish LRGs Benefit From Equalization And Central Government SupportAustralian Universities: Collapse Of Student Caps Bill Offers Little RespiteA Review Of U.S. CMBS Exposure To U.S. General Services Administration's Office Leases Following Presidential ElectionFive Takeaways From U.S. Public Finance In 2024: Uneven Credit Trends Emerge Amid Rising UncertaintyInstitutional Framework Assessment: Finnish Municipalities Have Flexibility To Balance Their BudgetsU.S. Rated Not-For-Profit Retail Electric And Natural Gas Utilities—Sector Update And 2023 MediansU.S. Public Finance Rating Activity, November 2024Not-For-Profit Higher Education Outside Of The U.S. Outlook 2025: Credit Stability Amid Market TurbulenceU.S. Not-For-Profit Higher Education Outlook 2025: The Credit Quality Divide WidensU.S. Not-For-Profit Acute Health Care 2025 Outlook: Stable But Shaky For Many Amid Uneven Recovery And Regulatory ChallengesGlobal Trade: How Might Uncertain Trade Policies Affect Macro-Credit Conditions In 2025?Geopolitics: How Will Markets Navigate Ongoing Geopolitical Risks?Credit FAQ: Our Approach To Rating Sovereign Debt Instruments That Include Climate Resilient Deferral ClausesCredit Trends: Mexico's Corporate Sector Faces Low Refinancing Risk Of Near-Term MaturitiesU.S. Transportation Infrastructure Consolidated Rental Car Facility Report Card: Rebound Complete, Airport Rental Car Sector Credit Quality Remains StableChina's Long Dairy Boom Starts To FadeU.S. Not-For-Profit Transportation Issuers Strengthen On Tax Revenue Growth And Support; Priority Lien Ratings UnchangedCorporate, Financial Institution, And Government Ratings That Exceed The Sovereign RatingHunan Province In FocusData Centers: U.S. Not-For-Profit Electric Utilities Explore Ways To Mitigate Risks From Load GrowthStates' Median Reports: Our New Methodology Highlights Rating ConsistencyHow Proposed Immigration Policy Could Affect U.S. Public Finance Issuers' CreditworthinessThe Ratings View: Nov. 20, 2024U.S. CDFIs Take On More Debt To Grow Their Lending Capacity: Ratings Will Likely Remain StableSustainability Insights: Rising Curtailment In China: Power Producers Will Push Past The PainCEE Brief: Growth Will Decelerate, But The Outlook Isn't BleakCredit FAQ: How Would China Fare Under 60% U.S. Tariffs?U.S. Not-For-Profit Health Care Rating Actions, October 2024U.S. Social Housing Providers: Laying The Groundwork To Address Affordable Housing NeedsInstitutional Framework Assessment: Austrian StatesLGFV Brief: China's RMB10 Trillion Debt-Swap Scheme Is A Good StartThe Ratings View: Nov. 13, 2024Credit Trends: U.S. Public Finance Credit Quality: Obligors' Finances Drove Rating Actions In The Third QuarterU.S. Not-For-Profit Transportation Infrastructure 2023 Medians: Demand And Revenue Growth Improved Financial Medians To Post-Pandemic HighsCredit FAQ: How President-Elect Trump's Tax Proposals Could Affect U.S. Companies In 2025Germany Brief: Debt Brake Could Continue To Complicate Policymaking After Snap ElectionsAustralia, Canada, Mexico, And U.K. Public University Fiscal 2023 Medians: Credit Stability Holds But Cracks Are Beginning To AppearStrong Financial Resources And Innovation Are Paving A Path Forward For U.S. Not-For-Profit Cultural InstitutionsChina Brief: More Transparency Means More Official Debt For Local GovernmentsChina Defaulted Bond Study Finds Surge In Liquidations, Fall In ResolutionsChina Securitization Performance Watch 3Q 2024: Same Direction; Different DriversCreditWeek: How Could Trump 2.0 Affect U.S. Corporate Credit?Asian Steelmakers' China Strains Will Roll OnU.S. Public Finance Rating Activity, October 2024U.S. Elections 2024: How Could A Second Trump Term Affect U.S. Credit?The Ratings View: Nov. 6, 2024U.S. Municipal Water And Sewer Utilities Navigate A New Environment As Performance DropsEuropean 'AAAm' Money Market Fund Trends (Third Quarter 2024)The Autumn Budget Kicks Off A Funding Regime Revision For U.K. Public Sector EntitiesInstitutional Framework Assessment: U.K. Local AuthoritiesU.K. Social Housing Providers' Financial Capacity Shrinks On Investment NeedsAutumn Budget 2024: Looser Policy Will Keep Pressure On The U.K.'s Constrained Public FinancesU.S. Public Finance Housing Rating Actions, Third-Quarter 2024Sustainability Insights: Rising Insurance Costs And Mounting Affordability Challenges Could Weigh On Some U.S. Governments' CreditworthinessThe MLI Sector's Focus Remains On Capital Optimization, Says Supranationals Special Edition 2024Comparative Statistics: Non-U.S. Social Housing Providers Ratings Risk Indicators: Ratings Pressure Has EasedNon-U.S. Social Housing Providers Ratings History: October 2024Credit FAQ: Asia To Gain From China's Corporate Shift, Say PanelistsResearch Update: U.K.-Based Places for People Group Ltd. Outlook Revised To Negative; 'A-' Ratings AffirmedThe Ratings View: Oct 30, 2024U.S. Municipal Water And Sewer Utilities Rating Actions, Third Quarter 2024Credit FAQ: Will China's Latest Stimulus Initiatives Achieve Lift-Off?Cyber Risk Brief: U.K. Public Sector Is Increasingly Under ThreatInstitutional Framework Assessment: Dutch Water Authorities' Tax-Raising Autonomy Partly Offsets Their High IndebtednessBrokerage Brief: China's New Swap Program Will Likely Squeeze Capital RatiosU.S. States' Fiscal 2023 Liabilities: Stable Debt, With Pension And OPEB Funding Trending FavorablyChina To Balance Debt Against Stagnation As Banks Face More Loan Losses, Say PanelistsU.S. Local Governments Credit Brief: California School Districts Means And MediansSupranationals Edition 2024: Comparative Data For Multilateral Lending InstitutionsIntroduction To Supranationals Special Edition 2024Tianjin Municipality In FocusGlobal Sovereign Rating Trends Third-Quarter 2024This Week In Credit: Twice As Many Downgrades Than Upgrades (Oct. 21, 2024)China Property Watch: Charting A Path To StabilizationCharter School Brief: TexasInstitutional Framework Assessment: Dutch Municipalities Benefit From Central Government TransfersCreditWeek: How Will The U.S. Elections Affect Credit?China's Latest Fix For Local Governments Could Turn Out To Be Debt Relief—Or More BurdenHurricanes Helene And Milton Add To U.S. Public Finance Issuers’ Climate And Financial ChallengesU.S. Sovereign Brief: Post-Election Policy Outcomes Will Be Key For CreditworthinessThe Early Warning Signs Of Sovereign Foreign Currency DefaultsThe Health Care Credit Beat 2024: Highlights From Our 2024 Health Care Hot Topic EventU.S. Higher Education Rating Actions, Third-Quarter 2024U.S. Public Finance Rating Activity, September 2024Florida State Finances And Insurance Mechanisms Help Absorb The Blow Of Another Major StormU.S. Not-For-Profit Health Care Rating Actions, September And Third Quarter 2024CreditWeek: What Are The Credit Risks Of The Escalating And Expanding Middle East Conflict?The Ratings View: Oct. 10, 2024Sovereign Ratings ListSovereign Ratings HistoryHurricane Milton: The Implications For Rated U.S. Insurers And Global ReinsurersWidening Middle East Conflict Poses Risks For Regional Sovereign Ratings