Such increases showcase the challenges that the economy is confronting in keeping pace with pent-up demand for goods—which could reverse as consumers switch to spending on services, according to S&P Global Market Intelligence. Today is Thursday, July 22, 2021, and here is today's essential intelligence. The Credit Cycle Global Actions on Corporations, Sovereigns, International Public Finance, and Project Finance to Date In 2021 The pace of rating actions has continued to decline after reaching highs in April 2021. The downgrade ratio (downgrades as a percentage of total rating actions) has also declined further; this month as of July 16, there have been only 10 downgrades compared with 28 upgrades. —Read the full report from S&P Global Ratings Credit FAQ: What Could Telesat Canada's Lightspeed Investment Mean for Credit Quality?