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
  • Videos & podcasts
  • CRE Impact Dashboard
  • Live View
  • News Sentiment Analysis
  • Moody's response to the pandemic

  • SECTOR IN-DEPTH
    18 May 2020|Moody's Investors Service
    The coronavirus crisis is depressing consumer demand, disrupting global supply chains and spurring export restrictions on medical and food supplies. In addition, the pandemic will complicate and possibly delay US-China “phase two” trade negotiations and UK-EU and US-EU negotiations.
    Global Ratings Review Summaries
    SECTOR PROFILE
    18 May 2020|Moody's Investors Service
    This report highlights our research insights and rating activities in the week ended 15 May.
    SECTOR IN-DEPTH
    12 May 2020|Moody's Investors Service
     Over the past 100 years, ratings have often moved together with the credit cycle, exhibiting procyclical behaviour. However, there is no indication that ratings have amplified market cycles.
    SECTOR PROFILE
    11 May 2020|Moody's Investors Service
    Roundup of the Infrastructure and Project Finance Group's rating actions during the month of April.
    Coronavirus Policy ResponseView more
    SECTOR COMMENT
    25 May 2020|Moody's Investors Service
    Italian banks advanced €13 billion of credit to corporates under a government loan guarantee programme that ends in December 2020 and aims to offset the economic effect of the coronavirus pandemic.
    SECTOR IN-DEPTH
    18 May 2020|Moody's Investors Service
    The G-20 Debt Service Suspension Initiative (DSSI) announced on 15 April will free up resources for coronavirus-related spending, but at this stage is unlikely to ease the significant credit challenges that have been amplified by the coronavirus outbreak.
    Macroeconomic commentaries and scenarios
    WEBINAR REPLAY
    30 Apr 2020|Moody's Analytics
    In this webinar, Mark Zandi and the Moody’s Analytics team answer wide-ranging questions from audience participants stemming from the economic impact of COVID-19.
    OUTLOOK
    28 Apr 2020|Moody's Investors Service
    We have lowered our 2020-21 real GDP forecasts for all G-20 economies, as the coronavirus crisis has led to a near shutdown of the global economy. The coronavirus also will have long-term economic implications that reshape trade, consumption patterns, and the nature of work in some sectors.

    SECTOR COMMENT
    05 May 2020|Moody's Investors Service
    About a third of household consumption will either be postponed or lost during the lockdown period. The impact on GDP and corporates will vary, with France and Germany likely perform better.
    WEBINAR REPLAY
    23 Apr 2020|Moody's Analytics
    With the rapid deterioration in the global economy as a result of the COVID-19 pandemic, Moody's Analytics team present an update to our economic outlook for Europe.
    Coronavirus impact on sectorsView more
    SECTOR COMMENT
    19 May 2020|Moody's Investors Service
    The pandemic will be a defining event for many societal, business and credit trends. We expect low interest rates for several years, causing governments to increase fiscal stimulus with uncertain long-term consequences for banks and insurers, an acceleration of consumer and business migration to digital processes and services, and a stronger social aspect in corporate strategy.

    OUTLOOK
    19 May 2020|Moody's Investors Service
    The industry’s earnings will grow 1%-3% annually over the next 12 to 18 months. The pandemic will pressure growth in certain categories but only temporarily until the virus eventually ebbs. 
    SECTOR IN-DEPTH
    18 May 2020|Moody's Investors Service
     Lower economic growth, high share of speculative-grade ratings and exposure to sectors more vulnerable to the outbreak make Italian companies among the most exposed to coronavirus

    SECTOR IN-DEPTH
    18 May 2020|Moody's Investors Service
    Consumer loans and credit card receivables will be among the asset classes most affected by the coronavirus. However structural mitigants will reduce the negative effects.
    SECTOR IN-DEPTH
    18 May 2020|Moody's Investors Service
    Lower student demand will result in lower tuition fee income and some universities will run operating deficits in fiscal 2021, but high levels of cash and investments will provide resilience.

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    VIDEO
    PODCAST
    14 May 2020|Moody's Investors Service
    Matthias Hellstern, Falk Frey and Bruce Clark of the Corporates team discuss their revised projections for global auto sales.​​
    VIDEO
    11 May 2020|Moody's Analytics
    The office sector has been subject to the forces of demographic, economic, and technological change for the last thirty years. The COVID-19 crisis, however, is likely to prompt a reversal in demographic change, and accelerate the disruptions caused by economic and technological shifts. In this video we discuss why the medium- to long-term prospects of the office sector are in peril, given the changes wrought by the pandemic.