The Big Picture
As economies reshape and debt levels climb, exposure to policy shifts, new technologies and ESG considerations will differentiate credit risk across regions and industries. 
  • SUMMARY
  • REPORTS
  • Webinars

  • Outlook
    29 Jun 2022|Moody's Investors Service
    Global credit conditions have turned more negative on rising interest rates, the Russia-Ukraine military conflict, slower economic growth, surging prices for energy and commodities, renewed supply-chain disruption and financial market volatility.

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    Podcast
    14 Jun 2022|Moody's Investors Service
    On this episode of Moody’s Talks – The Big Picture, analysts Madhavi Bokil and Christina Padgett join host Jennifer Wong to analyze the state of the global economy and how uncertain macro dynamics are affecting corporate borrowers.

    Sector In-Depth
    03 Jun 2022
    High-frequency alternative data point to multipronged challenges to global growth as supply-side shocks persist, financial conditions tighten, and consumer and business sentiment weakens.
    Outlook
    26 May 2022|Moody's Investors Service
    We have lowered our global growth projections and raised our inflation forecasts for 2022 and 2023 on the confluence of several negative factors hitting the world economy.
    Reshaped Economies
    Sector In-Depth
    03 Jun 2022|Moody's Investors Service
    High-frequency alternative economic data point to multipronged challenges to global growth as shipping disruptions and shortages of key inputs persist, financial conditions tighten, and consumer and business sentiment weakens.
    Outlook
    26 May 2022|Moody's Investors Service

    Our analysis of inflation targeting by central banks across a selection of G-20 economies supports our view that the current period of high inflation will ultimately recede. However, even short-lived spikes in inflation reduce real wages, lowering household purchasing power and increasing the likelihood of financial distress, particularly for weaker borrowers.

    New Technologies
    Sector Comment
    15 Jun 2022|Moody's Investors Service

    Migrations to the public cloud add complexity to cybersecurity management, but they do not cause more business and security risks than in legacy or traditional IT environments.

    Sector Comment
    04 May 2022|Moody's Investors Service
    The Russia-Ukraine conflict has generated a new wave of international sanctions on Russia; use of cryptocurrencies to circumvent these sanctions limited by market size and liquidity.
    Inequality & Social Risk
    Sector In-Depth
    07 Apr 2022|Moody's Investors Service
    This report provides an overview of construction companies' exposure to environmental, social and governance considerations — and the credit impact of those considerations.
    Sector In-Depth
    07 Apr 2022|Moody's Investors Service
    This report provides an overview of retail and apparel companies' exposure to environmental, social and governance considerations - and the credit impact of those considerations.
    Path to Net Zero
    Sector In-Depth
    11 May 2022|Moody's Investors Service
    The UK’s plan to phase out carbon emissions will create additional investment needs across industries, as the government's funding commitments currently represent only a fraction of the overall financial commitment required to achieve its decarbonization objectives.
    Sector In-Depth
    29 Mar 2022|Moody's Investors Service
    Prospect of large-scale building renovations is credit positive for materials producers because it will make their revenue more predictable and mitigate the industry's inherent cyclicality.
    Policy Shifts
    Sector Comment
    10 May 2022|Moody's Investors Service
    Weak adherence to structural rules and frequent use of exceptions and lax enforcement by the EU have weakened confidence in the rules and often strained political cohesion within the union.
    Sector Comment
    06 Apr 2022|Moody's Investors Service

    Crowding-in private-sector investment will be crucial for emerging markets to meet their Sustainable Development Goals. Risk mitigation strategies are positive but the market seeks scale.

    Debt Sustainability
    Sector In-Depth
    28 Jun 2022|Moody's Investors Service
    Broad-based inflation is depressing US consumer sentiment and lowering real earnings. A drop in savings rates and lower household wealth after recent financial market volatility could sharply slow private spending if inflation stays high. 
    Sector Comment
    27 Jun 2022|Moody's Investors Service
    New data indicates that sharp increases in mortgage rates are diminishing affordability for home buyers and cooling what had been a heated US residential real estate market.