Introducing the six key themes shaping credit markets in 2020

Forward-looking insights into the global credit conditions and trends for 2020

Join us to discuss the global macroeconomic and sovereign outlook 

Event series exploring what themes are set to shape credit markets in the year ahead

Read the October 2019 global default report, and more

19 Nov 2019|Moody's Investors Service

Asset growth and regulatory consistency provide an important foundation for the development of domestic corporate bond markets in emerging market countries. Based on these factors, Brazil, China, South Africa and Thailand are particularly well positioned for further bond market growth.

19 Nov 2019|Moody's Investors Service

Life insurers globally will be forced to accelerate their shift to a less interest-rate sensitive business model after a further fall in bond yields during 2019 put additional pressure on their profitability and economic solvency. Companies that sell savings policies offering high guaranteed returns and those with short-dated assets and long-dated liabilities are most affected.

18 Nov 2019|Moody's Investors Service

The negative outlook reflects growing profitability and solvency pressures amid ultra-low interest rates, macroeconomic uncertainty, and rising environmental, social and governance (ESG) risks. Low interest rates weigh on the profitability and solvency of life and non-life insurers alike, while also forcing them to invest in higher-risk assets.

18 Nov 2019|Moody's Investors Service

Brexit has been a catalyst for the UK government's increasing policy inertia, loss of policy predictability and diminished cohesion, all of which are reducing the country’s institutional strength. These conditions are affecting the operating environment for a range of UK government-related entities, banks and other debt issuers.

21 Nov 2019|Moody's Investors Service

Our negative outlook reflects continued slowing global and emerging market growth, with shifts in trade policy, political priorities and financial flows. Against this backdrop, emerging market debt issuers are more vulnerable to sudden shocks.

20 Nov 2019|Moody's Investors Service

A shift into deficit – as China’s rapidly ageing population and other social trends drive savings lower – could weigh on the sovereign's credit profile if it happened faster and to a greater degree than we currently expect.

19 Nov 2019|Moody's Investors Service

We expect global credit conditions to weaken in 2020 as a result of lackluster economic growth, trade policy uncertainty and the effects of an unpredictable political and geopolitical environment.

Moody's Credit Outlook

Alibaba's secondary listing in Hong Kong is credit positive

Russian regions’ amended budget loan repayment schedule is credit positive

UK's weakening policy framework and operating environment affect domestic issuers

Source: Moody's Investors Service
Weekly Market Outlook

Corporate Bond Issuance Reflects Business Activity’s Heightened Sensitivity to Rates

The week ahead – we preview economic reports and forecasts from the US, UK/Europe, and Asia/Pacific regions.

U.S. Activity Led by Downgrades of Energy Exploration and Production Firms

Source: Moody's Analytics
Source: Moody's Investors Service
Global Macroeconomic and Sovereign Outlook for 2020
21 Nov 2019
  |   Moody's Investors Service
Australian Real Estate Investment Trusts (REITs) Briefing
26 Nov 2019
  |   Moody's Investors Service
Banking and Covered Bonds in the CEE - The Romanian case study
26 Nov 2019
  |   Moody's Investors Service