$850,000,000,000 in Credit Losses Will Hit Banks This Year As Uncertainty Prevails: S&P Global Forecast

Description

Market intelligence firm S&P Global predicts banks will incur nearly $1 trillion in credit losses this year despite an improving macroeconomic backdrop. In its Global Credit Outlook 2025 report, the firm says global credit conditions appear to remain supportive in 2025 as major economies successfully engineer soft landings and central banks pivot to looser monetary policies. While S&P Global says that about eight out of 10 banking groups under its watch have stable ratings outlooks, it expects b...