The tech sector is driving the increase
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
Protests due to economic stress can spill over to companies' credit quality and ratings, Moody's says
Rating agencies see credit challenges growing as macro conditions hit company finances
Capital markets have mixed effects on banks' revenues
Macro slowdown and emerging-market sovereign downgrades loom over ratings
Amid growing challenges, Canadian banks still well positioned to absorb headwinds
Growing macroeconomic headwinds weighing on credit outlooks, Fitch says