Fiscal policy can't end a pandemic, but it can enable the eventual recovery
A strong balance sheet provides capacity to absorb a large negative shock
The rating agency predicts a recovery will be seen later in 2020
Global economic weakness and tumbling oil prices will hit provincial finances
Earnings challenges are mounting, but capital positions remain strong, rating agency says
The outbreak is hurting the global economy — and oil prices in particular
Funds will help developed markets combat the outbreak
Banks have bolstered funding and liquidity positions in the wake of 2008's global financial meltdown
Early optimism has been dimmed by an array of downside risks
Insolvencies rising amid higher debt loads, lower savings