Government balance sheets to feel strain of further tax reductions
Physical risks and transition risks grow as governments fail to curb emissions, Moody's warns
Federal deficit would suffer under both presidential candidates' fiscal proposals, though more so under Trump's, DBRS projects
Easing financial conditions cushion impact of slowing global economy
Populism driving polarization, weakening region's governments, institutions
Highly-indebted countries could face a negative feedback loop
High interest rates boost firms' profits, capital positions
Traditional economic drivers have peaked, and headwinds are building, Moody's says
Economy, rate environment are the main risks to issuers' finances
Still-rising rates have governments' interest expenses surging