The big bank's resilience to stress scenarios could drive higher ratings
Pandemic policy support is fading
Financial materiality is the pivotal test
"Sound management of economic policy is expected to continue," the rating agency said
Last year, public health restrictions resulted in almost 20% of corporate ratings receiving a downgrade
From a credit perspective, the "broad contours" of each party's economic policies are similar, a report says
Ratings outlooks are returning to pre-pandemic levels as economic recovery strengthens
Downgrade pressure has eased, but default risk remains
North America is leading the way, with other regions lagging