Geopolitical Uncertainty

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.

Go Deeper Into The Key Themes We're Watching >

The U.S. Public Finance Housing Sector Could Face Credit Pressure From Federal Policy ShiftsChina's Bad Loans Could Exceed 6% In A Tariff-Related DownsideInstant Insights: Key Takeaways From Our ResearchThe Ratings View: Apr. 2, 2025Rating Changes Of 25 Major U.S. Cities Since 2000China's Car Sector: A Shakeout LoomsIndonesia: Funding At Home Eases Risks From AbroadIndia: Firms Protected By Growth, Funding, Credit StrengthWAEMU Sovereigns Can Weather Mounting Global Geopolitical And Trade RisksThis Week In Credit: Rating Activity Remains Net Positive (March 31, 2025)Cryptocurrency Is Growing Within U.S. State Reserves And Statewide Pension PlansCredit FAQ: China's Two Sessions: No Surprises In Push To Unlock GrowthThe Ratings View: Mar. 27, 2025U.S. State Ratings And Outlooks: Current ListAcademic Medical Centers And The Intersection Of U.S. Not-For-Profit Higher Education And Acute Health CareHigher Education Brief: PennsylvaniaU.S. Public K-12 Schools Credit Quality Is Not Currently At Risk From Proposed Changes To Department Of EducationChina: Can Stimulus Offset Slow Growth And New Tariffs?U.S. States Brace For Potential Medicaid Funding GapsSwirling Economic Winds Keep Mineral-Producing U.S. States On Their ToesThe Ratings View: Mar. 19, 2025U.S. Brief: Washington, D.C.’s Management Team Is Poised For Potential Spending CutsCredit FAQ: A Closer Look At Our Downgrades Of 18 New Zealand CouncilsVietnam On Fast Track, Watch Out For Tariff Bumps, Say PanelistsInstitutional Framework Assessment: New Zealand Local Governments Face Rising Fiscal Imbalances And Less Certain Policy SettingsU.S. Public Finance Credit Ratings Are Typically Resilient To A Federal Government ShutdownU.S. Not-For-Profit Health Care Rating Actions, February 2025CreditWeek: How Will Current Geopolitical Risks Affect The Long-Term Climate Transition?Sovereign Brief: Public Protests Could Derail Serbia's Investment And Growth ProspectsChina Brokerages: More Mergers, Still FragmentedTariff Uncertainty Could Strain Large Canadian Banks' ProfitabilitySector Review: China's Steelmakers Face 15%-20% Tariff-Driven Slump In ExportsEmerging Markets Monthly Highlights: U.S. Policy Shifts Dampen Investor SentimentU.S. Public Finance Rating Activity Brief: February 2025Dutch Covered Bond Market Insights 2025Credit FAQ: China's Latest Budget Shows A Willingness To Take On More DebtSummer Deadline Looms Over Colorado River's Management RenegotiationsCharter School Brief: CaliforniaBulletin: Proposed Easing Of The Debt Brake Leaves German States To Chart Their Own Fiscal PathsSovereign Brief: What The End Of The Debt Brake Means For Germany's 'AAA' RatingThe Ratings View: Mar. 6, 2025For Canadian Provinces, The Current Credit Complexities Are Not Just About TariffsSovereign Debt 2025: China Stimulus To Help Push Asia-Pacific Central Government Borrowing To US$4.2 TrillionSovereign Debt 2025: EMEA Emerging Markets' Borrowings Will Remain Close To Peak At About US$624 BillionSovereign Debt 2025: Developed European Governments To Borrow About $1.8 TrillionOffsetting Characteristics Reduce Wildfire Credit Vulnerabilities For Two California Power UtilitiesAustrian States Brief: Tax Shortfalls Increase Budgetary PressuresU.S. Local Government Credit Quality Could Wobble As Federal Policy ShiftsEurozone Sovereigns: Euro Med’s Economic Outperformance Is Not Just TourismThe Ratings View: Feb. 26, 2025Argentine Local Governments Brief: Recent Upgrades Above The Sovereign Rating LevelHungary's Fiscal Consolidation Faces Several Key RisksVietnam: Many Growth Drivers, Some RoadblocksSubnational Government Outlook 2025: France's Local And Regional Government Debt Is On The RiseAfrica 2024 Credit Ratings Review: Positive Sovereign Momentum Trickled Down To Financial ServicesU.S. Not-For-Profit Sector 2025 Outlook: Credit Quality Continues To Show Resiliency Despite UncertaintyInstitutional Framework Assessments For Local And Regional Governments Outside Of The U.S.U.S. Public Finance Rating Activity Brief: January 2025Credit Risks Associated With Wildfires Are Increasing For California Public Finance EntitiesCharter School Brief: ColoradoThe Ratings View: Feb. 19, 2025Hong Kong's Public Universities: A Comparative AnalysisCredit FAQ: Implications Of The Debt Brake And Its Potential Loosening For Our Ratings On German StatesEuropean Defense Funding: What Are The Options?China Renewables Brief: Market Pricing Will Make Sector More VolatileU.S. Not-For-Profit Health Care Rating Actions, January 2025Credit FAQ: How Might MLIs' Credit Quality Change If U.S. Support Diminishes?China Industrials: Policy Patches Will Ease Some Of The StrainThe Ratings View: Feb. 12, 2025China Securitization Performance Watch 4Q 2024: Modest growth driven by burgeoning asset classesU.S. Municipal Water & Sewer Utilities Rating Actions, Fourth-Quarter 2024Texas Schools Face Uncertain Fiscal 2026 Budget Cycle Amid Rising Costs, Stagnant State FundingChina's DeepSeek Triggers Cycle Of DisruptionThree U.S. Public Pension Points To Watch In 2025China Food And Beverage: Outdoor And Leisure To Prop Up DemandAustralia State Ratings At Risk As Fiscal Discipline WanesA 25% Tariff Would Create New Trade Challenges For Mexican CorporationsInstitutional Framework Assessment: Israeli MunicipalitiesU.S. Charter Schools Rating Actions, 2024U.S. Public Finance 2025 Outlook: Cautiously Stable For Most Sectors While Others Are PressuredThe Ratings View: Jan. 29, 2025U.S. Public Finance Housing Rating Actions, Fourth-Quarter 2024Summary Of Hurricane Helene CreditWatch Resolutions For U.S. Public FinanceU.S. Higher Education Rating Actions, 2024U.S. Charter Schools 2025 Outlook: Stability For Now, With Pockets Of PressureGlobal Ratings List: International Public Finance Entities January 2025Surging Secondary Sales To Stabilize China Property In 2025The Ratings View: Jan. 22, 2025Economic Research: SLIDES: Global Ratings List: International Public Finance EntitiesLos Angeles Wildfires Highlight Evolving Risks And Challenges For Local GovernmentsU.S. Charter School Rating Actions, Fourth-Quarter 2024Economic Research: Slowing Immigration Could Derail U.S. Economic Growth MomentumCredit FAQ: G7 Bond Market Developments With A Spotlight On GiltsLocal And Regional Government Outlook 2025: Funding Needs And Capex In Emerging Markets Will Mean More BorrowingSubnational Government Outlook 2025: Canadian LRG Revenues Will Play Catchup To Meet Higher Operating Costs And Stabilize Debt GrowthU.S. Public Finance Housing 2025 Outlook: The Stable Era Endures, Underpinned By Strong ManagementChina's Upper-Tier Local Governments Are Not Immune From Debt Buildup At Lower-TiersSubnational Government Outlook 2025: Borrowings Are Still On The RiseSubnational Government Outlook 2025: Germany's Weak Growth Will Maintain Budgetary Pressure, Require New BorrowingSubnational Government Outlook 2025: Spain's Debt Ratios Are Reducing As Revenue Rises