In this week's summary of ratings views: We maintain our current corporate default forecasts, but risks are rising. Tariff announcements have chilled financing conditions, heightening maturity risks. We expect most sovereigns to maintain current ratings while weathering trade tensions. Also: cyber attacks and sovereigns, tariffs and tech, tech's move into autos, pressures on Asia's ports, supply-chains, tariffs and European CLOs, and how we rate data centers.