Michael Taylor and Lillian Li of the Credit Strategy & Research team discuss the rising credit strains on many emerging market countries that are part of the Belt & Road Initiative and the direction of the plan post-pandemic. Plus, analyst Nishad Majmudar talks about our analysis of ESG-related credit considerations in emerging market rating actions across sectors.
Ridership will not approach pre-pandemic levels for many years as the coronavirus continues to weigh on mass transit systems’ financial performance.
Mic Kang and Ning Loh from the Project and Infrastructure Finance team discuss the risks for producers from the region’s slowing power demand growth and shift away from coal power. The latter reflects government policies that favor renewables and disruptive technologies that reduce coal power’s cost-competitiveness.