Stable
Global Credit Conditions
Steadying economic activity will enhance the credit quality of debt issuers overall in 2022. However, leverage risks will remain high. Discover how COVID-19's aftershocks will continue to reshape economies, how new technologies will accelerate shifts in corporate operating environments, and how meeting net-zero emissions targets will require massive shifts in policy and investment.

Global credit conditions in 2022 are poised to stabilize, although with stark differences across regions and economic sectors. Steadying economic activity, supported by progress in vaccinations against COVID-19, will drive enhanced credit quality of debt issuers overall. Supply chain issues, labor shortages and inflation pressures resulting from pandemic disruptions will stretch into 2022, but their effects will lessen in the second half of the year.
1 November 2021
Credit Conditions – Global
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