New Delhi, Dec. 25 -- : Global credit conditions are expected to remain broadly stable in 2026, says Global Credit Outlook 2026 released by S&P. Economic growth is slowing but not collapsing. Financing conditions remain supportive. Investor demand for debt continues despite elevated risks.

Global growth is projected at around 3.2 per cent. The U.S. and China are decelerating, but not sharply. Europe is gradually recovering. Emerging markets are extending their growth momentum. This balance is preventing a broad credit downturn.

A major support comes from the refinancing activity completed in 2025. Many companies pushed maturities further out. Immediate refinancing risks have eased. Interest rates are trending lower or stabilising across r...