惠誉评级：关税、市场和地缘政治风险对全球信用构成持续威胁。

Core Insights - Fitch Ratings indicates that tariffs, market dynamics, and geopolitical risks continue to pose significant threats to global credit conditions [1] Group 1: Tariffs - The imposition of tariffs has led to increased costs for businesses, impacting their profitability and credit ratings [1] - Ongoing trade tensions between major economies are expected to exacerbate these tariff-related challenges [1] Group 2: Market Dynamics - Market volatility has been heightened due to economic uncertainties, affecting investor confidence and credit availability [1] - Companies are facing challenges in maintaining stable cash flows amid fluctuating market conditions [1] Group 3: Geopolitical Risks - Geopolitical tensions are contributing to an unpredictable business environment, which can lead to credit downgrades for affected companies [1] - The potential for conflict or instability in key regions remains a concern for global credit markets [1]