15 Jul 2019|Moody's Investors Service
In this episode of Moody’s Talks – Global Credit, Colin Ellis and Ruosha Li of the Credit Strategy & Research team discuss the recent increase in systemic risks in the financial markets. Despite the current volatility, however, these risks remain only moderate.
Moody's B3 Negative and Lower Corporate Ratings List: List declines again, led by defaults, downgrades continue
16 Jul 2019|Moody's Investors Service
The B3 Negative and Lower List decreased mainly due to defaults not positive rating actions; it remains below its historical long-term average, not pointing to an imminent spike in defaults.
Cross-Sector: Four significant business and finance vulnerabilities amplify credit risk in Latin America
10 Jul 2019|Moody's Investors Service
Despite our stable credit outlook for Latin America, four particular vulnerabilities across the region pose risks to its firms, sectors, consumers and governments. In a new cross-sector report we study the effects of corruption, commodity prices and portfolio flows, technological disruption, and skills gaps on Latin America’s business, finance and macro-economic conditions.
Cross-Sector - Euro Area: Progress on euro area reforms will remain slow, weakening resistance to future shocks
09 Jul 2019|Moody's Investors Service
Over the past 12 months, European authorities have made further progress in reducing credit risks in the euro area. However, recent reforms fail to fully address the credit linkages between sovereigns and banks, while pockets of risk remain in both sectors.
US Leveraged Finance: Refunding Indicator: Three-Year Refunding Indicator falls 2% in June despite a pick up in issuance
05 Jul 2019|Moody's Investors Service
The Three-Year Refunding Indicator fell 2% month-over-month in June, and was down 42% year-over-year as a pick up in high-yield bond issuance was offset by higher maturities.
Leveraged Loan Covenants - North America: Default conditions, loan investors' last bastion of protection, are becoming a rarity
27 Jun 2019|Moody's Investors Service
Default conditions provide a last line of defense. Without conditions, lenders bear the risk of leveraging or leakage actions taken in default without foreknowledge or consent.