Simon Tse and Silvia Baumann from the Structured Finance team discuss the benefits of non-bank lending in Europe and the credit implications for both small and medium-sized enterprises (SME) and securitised transactions.
Artem Frolov of the Corporates team provides insight about our cautiously optimistic view of Russian oil companies’ credit dynamics despite the adverse operating environment. Plus, Michael Higgins of the Sovereign team discusses the challenges and recovery prospects for non-investment grade emerging and frontier market sovereigns.
Lina Choi and Kristen McNamara discuss sluggish revenue and earnings forecasts in light of the coronavirus crisis, with automotives, oil and gas and oilfield services most vulnerable in the current environment. However, credit quality should improve gradually in 2021 as macroeconomic conditions normalize.