Narrowing bond spreads signal confidence in borrowers, economy
Traditional economic drivers have peaked, and headwinds are building, Moody's says
Five regional banks face rating cut, outlooks downgraded for two others
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