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Ratings Weekly Digest: June 2, 2021

Our weekly ratings digest, including key themes, publications, ratings changes, asset class trends, financing conditions, and debt issuance. This week: Credit trends continue to improve, supported by strong issuance. Pharma patent waivers are unlikely to hurt ratings now but raise medium-term risks. Credit losses are likely to decline for Asia-Pacific banks, echoing favorable U.S. trends.