Growing role for sustainability among financials will spread to issuers
Little room for upside, lots of potential for downside in banks' ratings
However, winners and losers may emerge, the rating agency says
Rising systemic risk could cause regulators to revise approach
Demand is expected to suffer amid higher unemployment, declining rents and stress test requirements
Moody's outlook for Canadian banks in 2021 is stable due to strong fundamentals
Without growing revenues, federal spending plans could weigh on Canada's AA rating
Vaccines are expected to spur the recovery in 2021
Strong infrastructure investment supports global metals industry
Banks in particular face future earnings, ratings challenges due to pandemic