Strong market-based activities will underpin earnings at large global firms
U.S. fiscal stimulus, vaccine rollouts and stronger momentum has brightened the rating agency's outlook
Europe and U.K. are leading the way, while other major countries set to follow
Competition ramps up between big banks, retail brokers
Strong capital markets, lower provisions boosted first quarter earnings
Anti–money laundering rules provide greater investigative powers and allow higher penalties
Sectors have adapted to pandemic-related restrictions
Sovereign ratings may come under pressure as demand for dirty energy drops
New administration making global warming fight a priority
Stronger balance sheets and commodity prices limit the risk of companies dropping to junk