Despite headline declines, core inflation proving resilient
Corporate balance sheets face pressure from rising interest costs
Earnings to remain under pressure as the sector faces slow growth and elevated costs
Funding, capital strains and real estate risks underpinned the rating actions
Economy, rate environment are the main risks to issuers' finances
North American revenues and margins expected to grow even as recession looms
Continuing cost pressures, rate hikes pushing companies toward default
Commodity demand boosted by China, resilient global economy
Financial, regulatory headwinds drive tougher operating climate
Rising loan losses, growing expenses eating into banks' bottom lines