A growing market with growing risks

The latest insights from across Moody's.

Moody’s comparative insights on global emerging markets

How ESG is affecting global credit markets

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16 May 2022|Moody's Investors Service

Almost a quarter of emerging market companies’ credit quality would be at risk if the Russia-Ukraine conflict escalated, with consumer sectors most exposed and commodity producers set to benefit.

16 May 2022|Moody's Investors Service

Four Moody's-rated corporate debt issuers globally defaulted in April, down from eight in March, and the trailing 12-month global speculative-grade default rate edged down to 1.9% from 2.1%. Our Credit Transition Model projects a modest rise in the default rate over the next year but risks are increasing as a result of inflationary pressures and the pace of monetary tightening.

17 May 2022|Moody's Investors Service

Liquidity risk in late 2021 was low for companies in Brazil, Chile and Mexico, but in Argentina and Peru, about half of all companies would be unable to cover 150% of spending needs over the next 12 months. See our summary report, as well as individual reports on each of these countries.

16 May 2022|Moody's Investors Service

Elevated steel prices and steady demand amid the Russia-Ukraine conflict are supporting revenue for Asia-Pacific steelmakers, but higher input costs will reduce margins and earnings.

16 May 2022|Moody's Investors Service

US high-yield bond and loan issuance has fallen sharply since Russia’s invasion of Ukraine, as investors turn more risk averse. While private credit lenders have an increasingly important funding role for leveraged middle market companies, the relationship with their private equity-backed portfolio companies is less transparent. Better terms among private credit lenders can also mask underlying risk.

17 May 2022|Moody's Investors Service

Russia’s invasion of Ukraine has created new stresses for emerging market banks just as economic conditions were starting to recover post-pandemic. Some banking sectors will be harder hit than others.

17 May 2022|Moody's Investors Service

In this episode of Moody’s Talks – Behind the Bonds, Emile El Nems of the Corporates team joins host Jeff Pruzan to bring us up to date on how Russia’s ongoing invasion of Ukraine is affecting corporate credit quality worldwide. And Carlos Winzer of the Telecoms team explains why 5G investment will be an evolution rather than a revolution for the sector.

Source: Moody's Investors Service
Moody's Credit Outlook

Mixed track record in compliance is the largest challenge for EU fiscal rules

Buildings, utilities and autos are the most exposed to the UK's net-zero strategy

China's auto sales decline reflects coronavirus disruptions, a credit negative

Source: Moody's Investors Service
Weekly Market Outlook

Did inflation peak? Doesn't matter to the fed

We preview economic reports and forecasts from the US, UK/Europe, and Asia/Pacific regions

Upgrades dominate latest U.S. changes

Source: Moody's Analytics