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S&P Global Ratings said banks' adoption of artificial intelligence will increasingly influence credit ratings. In a June survey of about 179 global financial institutions, respondents expect AI-related cost savings of up to 4% this year and 6–8% by 2028. Roughly 84% already use AI for support functions and automation, but fewer than one-third are using it to develop new products and services, citing regulatory and reputational risks. S&P said credit outcomes will hinge on the maturity of firms' AI strategies and the strength of their governance frameworks.