Justin Patrie and Duncan Innes-Ker discuss how emerging market credits are faring this year amid slower global growth, geopolitical risks, and shifting U.S. policy - highlighting ratings resilience and modest positive momentum.

惠誉评级认为我国水泥行业正加速整合，以应对产能过剩和市场疲软的双重压力。政府通过严格的产能置换和节能减排政策/ 引导企业淘汰低效产能，并推动并购重组。由于煤价下跌助力盈利改善，多家上市企业业绩指引表明2025年上半年全行业有望扭亏为盈。领先企业已开始调整战略，提升竞争实力。总体来看，行业整合改善市场环境与盈利水平，但房地产收缩等因素仍使未来发展不确定，机遇与挑战并存。

U.S. public and private colleges and universities are showing signs of financial strain, with rising discount rates outpacing net tuition and fee gains, amidst an uncertain state and federal funding trajectory.

This video explains how the Local and Regional Government Scorecard allows users create different scenarios for designated issuer groups, generating Standalone Credit Profiles based on their own inputs and choices.

惠譽信評預期，儘管面臨美國關稅風險，台灣銀行業的不動產減損放款將小幅上升，因受益於銀行穩健的風險概況以及穩定的經營環境。

Fitch Ratings expects a modest rise in Taiwan’s impaired property loans despite US tariff risks, supported by the banks’ steady risk profiles and a stable bank operating environment.

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.