New Delhi, Jan. 31 -- Heightened geopolitical risks are set to elevate credit pressures for emerging-market sovereigns and issuers in 2026, global credit rating agency Fitch Ratings said in a new report published on Friday.

Fitch said that while its base-case forecast for the macro-credit environment in emerging markets remains net neutral relative to 2025, evolving geopolitical events could introduce downside risk to sovereign and corporate creditworthiness this year.

The report noted, "Potential pressures stemming from geopolitical events are among the risks to our base-case expectation that the macro-credit environment for emerging markets this year will be net neutral relative to last year."

The agency highlighted recent shifts in ...