Unlike past episodes, strong recovery not likely to reignite world economy, Fitch says
Transition risk, rather than physical risk, will be the focus
Already up, defaults are expected to reach historic norms in 2023
Restructuring effort still a challenge, as major business lines grapple with revenue, profit headwinds
Elevated redemptions from illiquid funds highlight possible suitability risks, Fitch says
Rebound from zero-Covid policy has been faster than expected, improving GDP prospects
Strong demand, tight supply supporting prices even as rates rise, Fitch reports
Rating agencies see credit challenges growing as macro conditions hit company finances
Capital markets have mixed effects on banks' revenues
Housing market turmoil, deeper U.S recession pose threats too