Masako Oshima and Greg O'Reilly from the Structured Finance team discuss the behaviour of a new set of global reference rates, which are set to replace outgoing equivalent term rates.
Bruce Clark of the Corporates team discusses our negative outlook on the auto sector, which is driven by our expectations of a continued decline in global light vehicle sales. We expect unit sales to decline 0.9% in 2020, following a projected 3.8% decline in 2019.
Susan Fitzgerald from the Higher Education team discusses the factors behind our move to a stable outlook, as growth in state funding, endowment income, patient care and other revenue streams balances more modest gains in tuition. We expect overall revenue to grow 3%-4%, driven largely by larger, comprehensive universities.