Trade War Hits Emerging Market Growth, Weaker Dollar Eases Some Risks
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Rating Criteria
Rating Criteria explains our forward-looking ratings approach. Criteria reports identify rating drivers and assumptions, and highlight the scope and limitations of our analysis. Master Criteria describe the basic foundation for our ratings within a sector. Cross-Sector Criteria explain 巴黎人娱乐城’s approach to topics that relate to multiple areas or audiences. Sector-Specific Criteria describe 巴黎人娱乐城’s analytical approach for individual sectors, and address specific credit factors.
Ratings Process
巴黎人娱乐城 provides forward-looking credit opinions, as indicated by its ratings, that reflect its expectations of credit behavior over a range of scenarios. The rating process begins when an arranger, issuer, sponsor, or underwriter contacts a member of 巴黎人娱乐城’s Business Relationship Management (BRM) group with a request to engage 巴黎人娱乐城. 巴黎人娱乐城 may also initiate unsolicited rating coverage where sufficient public information is available to provide insight to subscribers and the public debt market.
Global Economic Outlook
巴黎人娱乐城’ forecasts for world growth have been sharply lowered in response to the recent severe escalation in the global trade war. This special update to our quarterly Global Economic Outlook (GEO) cuts world growth in 2025 by 0.4pp and China and US growth by 0.5pp from our March GEO.
Deep Cuts to Growth Forecasts as Global Trade War Escalates
In response to the severe escalation in the global trade war, 巴黎人娱乐城 has sharply lowered its 2025 forecasts by 0.4pp for world growth and by 0.5pp for China and US growth from the March edition of its Global Economic Outlook (GEO).
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