Government of Slovenia: Prime minister's resignation reflects Slovenia's reform challenges, a credit negative
29 JAN 2020|Issuer Comment|MOODY'S INVESTORS SERVICE
Slovenia's ageing-related fiscal risks are among the highest in the region as past and current governments have yet to produce politically viable reforms.
21 JAN 2020|Issuer Comment|MOODY'S INVESTORS SERVICE
While the newly announced social spending measures will drive a moderate fiscal loosening, we do not expect this to erode Russia’s strong fiscal position.
Trade – Emerging Markets: “Phase one” US-China deal is credit positive, but scope for friction persists
16 JAN 2020|Sector Comment|MOODY'S INVESTORS SERVICE
The deal reduces political uncertainty, which will strengthen global risk appetite and bolster the ongoing rally in emerging market capital inflows.
14 JAN 2020|Research Announcement|MOODY'S INVESTORS SERVICE
The new CECL (Current Expected Credit Losses) standard, due to be adopted in January 2020 by large SEC filers, will have a limited impact on most large listed US banks.
Toll Roads – US: Protracted Middle East conflict with material, sustained rise in gasoline prices would weigh on traffic levels
10 JAN 2020|Sector Comment|MOODY'S INVESTORS SERVICE
A more pronounced and prolonged conflict could cause a material increase in gasoline prices for several years, which would weigh on traffic growth in the US.
06 JAN 2020|Sector Comment|MOODY'S INVESTORS SERVICE
Our base case is that the US and Iran will avoid military conflict, but risks are up and credit implications would depend on the conflict's duration, scope and damage to key infrastructure.
Governments of Germany and Netherlands: Peer comparison: Netherlands is more exposed to a house price crash, but both credit profiles are resilient
12 DEC 2019|Issuer In-Depth|MOODY'S INVESTORS SERVICE
A house price correction would weaken economic growth more in the Netherlands than Germany, but low debt and strong institutions would mitigate outright downward pressure on Aaa ratings.
Not-for-profit and public healthcare – US: 2020 outlook revised to stable driven by stronger revenue growth
09 DEC 2019|Outlook|MOODY'S INVESTORS SERVICE
The change in outlook to stable from negative reflects our expectations for the credit conditions driving the US not-for-profit and public healthcare sector over the next 12 to 18 months
Government of Malta: Caruana Galizia case raises political risk and will continue to test strength of institutions, a credit negative
04 DEC 2019|Issuer Comment|MOODY'S INVESTORS SERVICE
The case could still prove to be politically destabilizing and weaken our assessment of the strength of Malta's institutions and governance structures
03 DEC 2019|Issuer In-Depth|MOODY'S INVESTORS SERVICE
A deteriorating fiscal balance and a widening current-account deficit are increasing debt and external risks. However, a healthy economy continues to mitigate the related credit risks.