Inflation, war, and covid drag on global credit conditions, report says

London , may 18, 2022 /prnewswire/ -- deteriorating global macroeconomic conditions, combined with heightened geopolitical uncertainty and lingering covid-19 lockdowns in china, fuel persistently high inflation, market volatility, and rising yields, and pose an increasingly challenging outlook for credit, s&p global ratings said today in a report "global credit conditions special update: inflation, war, and covid drag on." "for now, credit ratings are showing resilience as they benefit from still largely growing economies, consumption supported by household savings, and record corporate cash balances," said alexandra dimitrijevic, s&p global ratings global head of analytical research and development.
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