Warmest holiday wishes to you and your family from the S&P Global team. Here's to a bright and prosperous new year ahead!

From S&P Global Ratings: An increase in the proportion of auto loans backed by #BatteryElectricVehicles in auto loan ABS transactions in #Japan could affect the creditworthiness of the underlying pools of assets. Get more insights:

Want to know more about European #auto #ABS? Our primer outlines the fundamentals and risks of the market, and summarizes the latest market developments. We also include an overview of loan and lease products and specific jurisdictional characteristics:

Either ratepayers, taxpayers, levy-payers, or tariff-payers look set to face steeper bills in the future to address #NewZealand's water woes. Read more: New Zealand Local Government Outlook 2024: Bridge Over Troubled Waters #AffordableWaterReform

Rated Italian companies should be able to withstand current economic weakness and preserve their credit quality. For the full report, please read more here:

Despite recent catch-up growth, most CEE countries still lag behind Western Europe in wealth. Not all CEE markets are inherently riskier, and the higher average ROE has boosted Western European banks' results, a trend we expect to continue. Read More:

Total ESG-related rating actions increased to 16 in October from a year-to-date low of 10 in September, with negative actions continuing to lead positive ones by seven to one:

S&P Global Ratings continues to observe resilience in domestic demand across emerging markets:

Beijing's "basket of measures" will channel RMB1.36 trillion toward #LGFVs' immediate liquidity risks. The sum will just put a small dent into the entities' debt problems. Read more:

Please join S&P Global Ratings analysts for a webinar on Wednesday, Nov. 22. They will discuss the credit outlook of rated oil and gas companies in APAC heading into 2024 and how various price scenarios could influence their leverage and spending behavior.

Funding availability for independent #oil producers in North America and Europe could face intensified pressures after 2030, with increasingly restrictive financed #emission targets, regulatory policies and #net-zero alliance memberships.

#ThisWeekInCredit:Five defaults last week brought this year's total to 138—1.8x higher than over the same period last year. This week will be calm on the data front with Thanksgiving holidays in the U.S. and minimal data from China and Japan. Go deeper:

How can companies measure, manage, and monitor their #climate-related risks? Explore this question during our #COP28 event, Advancing the Transition. Register now to learn more:

The cycle has turned and we expect more defaults are coming:

Please join our global financial institutions analysts for live webinars on Tue, Nov. 21 (AMER / EMEA) and Wed, Nov. 22 (APAC / EMEA). They will discuss key themes and trends and take audience questions on our global banks outlook for 2024. Register now:

Recent net pledged revenue data for select U.S. state and transportation agencies’ sales taxes indicates extraordinary growth in the last three years, along with mostly positive rating changes. Read our new report:

The Indian central bank has increased risk weights on unsecured personal loans, credit cards, and lending to nonbank finance companies by 25 percentage points. This measures will likely reduce Indian banks' capital adequacy by 60 basis points. Read more:

Financial markets are innovating to meet the global needs for industrial transformation, but what does this look like? Join our 3 December event at #COP28 to hear how sustainable finance contributes to this transformation:

Only 2 weeks to go until we host our European Insurance Conference in London on Nov 30! Hear from leading industry voices incl. S&P Global Ratings' Volker Kudszus, Managing Director & Sector Lead, who will present the outlook for the sector. Register:

Europe is yet to see middle market #CLOs. Our Credit FAQ addresses key questions about our analytical approach for this product, and discusses how the market may evolve, considering ongoing market discussions: