Cyber risk has risen as a result of greater geopolitical tensions, with U.S. public finance issuers especially compelling targets for nation-state adversaries.

Justin Patrie and David Prowse discuss key themes from Fitch’s Global Credit Risk Outlook, including slower growth, tariff uncertainty, and weaker credit conditions—as well as the overall ratings resilience amid these challenges.

Government debt among ten of the largest developed markets is set to continue rising sharply, with over two thirds of the growth attributable to the US.

A potential presidential executive order to facilitate investment in private assets for U.S. retirement plans, including 401(k)s, would provide alternative investment managers (Alt IMs) an additional avenue of growth.

Katie Chen, Senior Director at Fitch Ratings, and Franco Lam , Director, share their insights on the recent regulatory reforms in China’s AMC sector.

Fitch believes that U.S. legislation governing the issuance of stablecoins will address key risks and stimulate stablecoin adoption.

The Reserve Bank of India’s (RBI) commitment to maintain significant liquidity surpluses in the banking system has significantly eased funding conditions for Indian banks.

Rui Pereira, Global Group Head, Structured Finance, and Eric Rothfeld, Managing Director – Head of North American CMBS New Issue Ratings, discuss data center securitizations and Fitch Ratings’ approach to this growing sector.

The passage of the One Big Beautiful Bill Act (OBBBA) will have profound long-term implications for U.S. not-for-profit (NFP) hospitals, but many of the act’s provisions will not be implemented until 2027 or beyond, giving hospitals time to prepare.

Thomas Rookmaaker, Head of APAC Sovereign Ratings, and Krisjanis Krustins, lead analyst for Japan, discuss Japan’s fiscal outlook, covering the impact of rising bond yields, fiscal populism and long-term spending pressures.