Global macroeconomic conditions will remain stable in 2022, easing sovereign credit pressures
Global credit conditions will stabilize in 2022 as COVID-19 uncertainties ease
Steadying economic activity will enhance the credit quality of debt issuers overall in 2022, although leverage risks will remain high. Major credit themes for the year will include the economic reshaping spurred by pandemic disruption, debt sustainability, policy shifts, the impact of new technologies, carbon transition, and inequality and social risk.