Learn about the implications of monetary tightening and rising corporate leverage

Explore the global, regional and national credit risk dynamics across developing economies

Learn about the latest ESG implications for fixed income markets

Gain an understanding of current trends and sector context using Moody’s CreditView

View the latest insight on the six themes shaping credit in 2019

20 Feb 2019|Moody's Investors Service

Social considerations are not typically the primary driver of credit quality as private sector issuers typically have considerable operational and financial flexibility and a track record of adjusting to emerging social issues, mitigating the overall effect on their creditworthiness.

Video: Social Risks Affecting Private Sector

20 Feb 2019|Moody's Investors Service

Our credit analyses of US banks reflect their contained, but growing, direct leveraged lending risks and the likely performance of this asset class over the next 12-18 months. However, if operating conditions in the US were to deteriorate materially, the risk from direct exposures would rise appreciably and indirect risks from credit market turbulence could begin to have greater bearing on banks’ creditworthiness.

07 Feb 2019|Moody's Investors Service

Many of the regulatory and legislative initiatives to reduce drug prices would affect the entire US pharmaceutical industry. However, firms with the highest percentage of their revenue within the US market are the most exposed.

15 Feb 2019|Moody's Investors Service

Spain’s Prime Minister has announced a snap election for April after his government lost a crucial vote on its 2019 budget. The election would be credit positive if it resulted in a stable coalition capable of implementing structural macroeconomic and fiscal reforms. Even if the election brought about a period of political uncertainty, the economic impact would be limited.

19 Feb 2019|Moody's Investors Service

If implemented, US tariffs of up to 25% on imported vehicles and parts, and corresponding retaliatory actions from major auto trading partners, would disrupt around $500 billion in trade flows. The global economic fallout would be significant, with distorted prices and inefficiencies negatively affecting global supply chains.

05 Feb 2019|Moody's Investors Service

Automakers face material credit risk from the shift away from carbon emissions, and issuers with a greater proportion of smaller, more fuel-efficient vehicles will be better positioned to weather the transition. As alternative fuel vehicles become more widely adopted, automakers with financial strength and strong R&D initiatives will be better positioned in the long term.

Moody's Credit Outlook

Leveraged buyout of U.S. Renal Care is credit negative

Clearway Energy cuts dividends, a credit positive

JPM Coin is another example of credit-positive disruptive innovation

Source: Moody's Investors Service
Weekly Market Outlook

High-Yield Might Yet Be Challenged by a Worsened Business Outlook

The week ahead – US, Europe, Asia-Pacific 

U.S. Rating Activity Weakens

Source: Moody's Analytics
Source: Moody's Investors Service