Coronavirus Effects
The coronavirus outbreak is disrupting economies and credit markets worldwide. The impact on issuers’ credit profiles and the economy will depend on the severity and duration of the crisis.
  • SUMMARY
  • REPORTS
  • Podcast & Video Archive
  • CRE Impact Dashboard
  • Live View
  • News Sentiment Analysis
  • Moody's response to the pandemic
  • Series: Credit After Covid

  • SECTOR IN-DEPTH
    03 Aug 2021|Moody's Investors Service
    Asia-Pacific's economic activity will likely rebound strongly in 2021-22, fueled in large part by China. But the recovery masks a range of pandemic-related output losses across the region.

    SECTOR IN-DEPTH
    22 Jul 2021|Moody's Investors Service
    The pandemic’s uneven effects on European labour markets and savings will influence consumer spending patterns, the availability of credit to individuals and the direction of government regulation throughout the region.

    SECTOR IN-DEPTH
    28 Apr 2021|Moody's Investors Service
    Consumers in Europe’s largest economies increasingly expect economic improvement within the next 12 months. Social constraints aimed at containing the coronavirus remain high, but consumers and businesses have learned to adapt and are increasingly optimistic.

    SECTOR PROFILE
    21 Apr 2021|Moody's Investors Service
    In the year since the World Health Organization declared the coronavirus a global pandemic, we downgraded 28 sovereigns, three of which we downgraded twice. But more recently, the pace of sovereign rating actions has slowed significantly and year-to-date actions have been more benign.

    SECTOR COMMENT
    16 Apr 2021|Moody's Investors Service
    Federal support programs and an accelerating vaccine roll-out are bolstering our US economic outlook and supporting the country’s credit conditions. But the potential for rising inflation and, from there, higher interest rates, risks disrupting parts of the credit market.

    SECTOR COMMENT
    10 Mar 2021|Moody's Investors Service
    The aid package will benefit a range of public and private-sector debt issuers. It will provide more funding for coronavirus vaccinations, which will likely contribute to a continued decline in infections and may quicken the broad resumption of business activity. A new round of financial assistance to individuals will support a rebound in demand for services.

    SECTOR IN-DEPTH
    10 Mar 2021|Moody's Investors Service
    Credit risks will remain significant for the sectors most vulnerable to virus-induced restrictions on their activities. But some sectors that we initially identified as having high exposure to pandemic disruption have held up better than we expected.

    SECTOR IN-DEPTH
    25 Feb 2021|Moody's Investors Service
    COVID-19 restrictions in the largest European economies continue to weigh on consumer confidence. But consumers and businesses are adapting to the constraints, limiting the declines in retail sales compared with the start of the pandemic.

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    PODCAST
    25 Feb 2021|Moody's Investors Service
    In this month’s featured segment, Yehudah Forster of the Residential Mortgage-backed Securities team breaks down potential changes to the qualified mortgage rules, and what they mean for the credit quality of future RMBS. Plus, Aaron Johnson and Xhen Pisha draw on our 2021 outlooks to highlight the structured finance asset classes on the bumpiest roads as the economy recovers from a tumultuous 2020.

    PODCAST
    23 Feb 2021|Moody's Investors Service
    Antonio Tena of the Structured Finance team and Madhavi Bokil of the Credit Strategy & Research team discuss the risks that remaining pandemic-related stresses pose to major European structured finance markets under two scenarios, a baseline and a downside.
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    OUTLOOK
    28 Jan 2021|Moody's Investors Service
    The global roster of corporate industry sector outlooks turned mildly positive as 2020 ended. Uncertainty still runs high despite expectations for 2021 to be a better year than 2020, although not 2019.

    SECTOR IN-DEPTH
    28 Jan 2021|Moody's Investors Service
    The start of mass vaccinations has brightened consumers’ views of the overall economy even as concerns about virus contagion remain high. New lockdown measures in the largest European economies will disrupt consumption but to a much milder degree than during last spring’s lockdowns.
    Series: Credit After Covid
    SECTOR IN-DEPTH
    30 Oct 2020|Moody's Investors Service
    The pandemic leaves municipalities with competing funding priorities and challenges: a growing need to address climate change and greater demand for more spending in areas such as social services even as budget austerity and recession constrain revenue-raising options such as tax increases.  
    SECTOR IN-DEPTH
    27 Oct 2020|Moody's Investors Service
    The pandemic is likely to lead to global trade fragmentation, disrupting supply chains and trade flows, and affecting public finance sectors through a variety of channels.
    The pandemic will compound and accelerate key global trends.