Four risks that could derail global credit in 2025

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      <subfield code="a">With macroeconomic conditions normalising, the global credit landscape appears poised for greater stability in the year ahead. But there are several sources of risk that could disrupt
this relatively sanguine outlook. In this piece, we explore four scenarios that, while not exhaustive, could significantly alter macroeconomic and credit conditions, and potentially have rating implications</subfield>
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