Growing economic, sector, demographic challenges weighing on pensions
Market environment remains supportive for 2026, but downside risks persist
Flat global GDP growth underpins sovereign outlook, but risks abound
Growth of alt funds brings added legal, reputational risks: Fitch
Delinquencies rise amid rising cost of living, job market strains
Deteriorating government finances could weigh on sovereign in medium term
Carbon intensity improves, but emerging markets drive increase in emissions
Soft job market, slowing population growth, to weigh on GDP
Public DB pensions have increased allocations to private credit, alternatives
Borrowers took advantage of reduced volatility, lower rates to refinance debt