The Big Picture
2017 Global Credit Themes
For global credit markets in 2017, stabilizing macroeconomic conditions, heightened political risks, trade protectionism, and the evolution of climate change and technological trends will be key themes shaping the growth of credit.

Explore Our Credit Themes

Political Risk
Stabilizing Growth
Unusual Monetary Conditions
Slow Trade Recovery
Climate Change
Technology

Research Highlights

Subscribers only
unusual monetary conditions
22 may 2017
Africa's Recovery from Foreign Currency Shortages to Take Time
While higher oil and commodity prices are helping to ease the pressure of foreign currency shortages in many Sub-Saharan African countries, it will take time for sovereigns, banks and corporates to restore their financial health.
Subscribers only
political risk
19 may 2017
Brazil Scandal Intensifies Political Uncertainty and Adds to Reform Challenge
The fallout from alleged secret recordings of President Michel Temer is likely to compromise political and economic momentum, distract from fiscal reforms and weigh on investor confidence.
technology
17 may 2017
Robotics’ Impact on Emerging Markets Depends on Ability to Adopt Technology
Manufacturing automation could erode some emerging markets’ labor cost advantages, threatening their exports, employment and growth. Those best positioned to absorb the new technology are more likely to find new niches in the supply chain.
Subscribers only
political risk
16 may 2017
Korea Has Credit Strengths to Withstand Geopolitical and Internal Challenges
Election of a new president has reduced political uncertainty, but Korea still faces challenges, from tensions with China to investigations of chaebol leadership. Barring an escalation of these risks, the credit impact on the Korean sovereign, companies and banks will be limited.
Subscribers only
stabilizing growth
9 may 2017
Trump’s Tax proposal Would Raise Debt and Deficits, but Benefit US Companies, Banks
Moody’s expects unfunded tax cuts would increase government deficits and debt levels, but lower taxes would be good for many US companies and boost bank profits.
Subscribers only
CROSS-SECTOR
Credit Impact of Macron Presidency to Depend on Policy Consensus
8 may 2017
Cross-sector
Changing Political Landscape Creates Opportunities for Well-Known Universities
27 apr 2017

Stabilizing Growth

global macro
Decline in Productivity Growth Bodes Ill for Economic Growth
4 may 2017
Subscribers only
CROSS-SECTOR
China's Economy Would Face Heightened Risks from a Future Property Downturn
29 mar 2017

Unusual Monetary Conditions

sovereign & supranational
Low Interest Rates Pose Continued Credit Risk to Global Insurance Industry
27 apr 2017
Subscribers only
CROSS-SECTOR
Mexico's Rising Interest Rates Heighten Credit Risks amid Economic Slowdown
23 mar 2017

Slow Trade Recovery

Subscribers only
CROSS-SECTOR
Stronger US Dollar, Potential Change in US Imports Create Risks for Some Sovereigns
27 feb 2017
sovereign
US Exit from Trans-Pacific Partnership is a Lost Opportunity for Asia
01 feb 2017
cross-sector
Significant Credit Risks Arise for Oil and Gas Industry from Carbon Transition
26 apr 2017
Subscribers only
Infrastructure & Project Finance
US Executive Order on Clean Power Will Not Halt Shift from Coal
31 mar 2017

Technology

healthcare
Healthcare Industry Taps Technological Innovation to Discover New Drugs and Improve Patient Care
17 apr 2017
cross-sector
Blockchain’s Greatest Potential
12 apr 2017
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