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Alastair Wilson
Global Managing Director

Elena Duggar
Group Credit Officer

Asia-Pacific and Middle East

Atsi Sheth
Associate Managing Director

Anne Van Praagh
Managing Director


Yves Lemay
Managing Director

Dietmar Hornung
Associate Managing Director

Latin America

Mauro Leos
Vice President – Senior Credit Officer

Anne Van Praagh
Managing Director


Matt Robinson
Vice President – Senior Credit Officer

Yves Lemay
Managing Director

Supranational Entities/Multilateral Development Banks

Steven Hess
Senior Vice President

Anne Van Praagh
Managing Director

Sovereign & Supranational

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Research on sovereign nations, sovereign-related agencies, and supranational institutions.


  • 18 Nov 2015
    • ​Japan's contracting GDP, if it persisted, could challenge fiscal consolidation plans
      Japan's (A1 stable) economy has entered a technical recession, in light of a second consecutive quarter-on-quarter contraction in growth in the three months to September.These result show that Prime Minister Shinzo Abe's policies are having a mixed effect on the economy. Any continued weakening in Japan's economic output could make it harder for the government to achieve its fiscal targets…Full Report
  • 16 Nov 2015
    • Defeat of Portugal’s government clouds outlook for fiscal consolidation and structural reform
      The agreements the Socialist Party reached with the other three parties suggest that fiscal policy would likely be looser under a socialist government than under the previous centre-right coalition, but not materially so. As a material improvement in Portugal’s public finances would require further structural measures, particularly to address the large public pension and wage expenditures, we expect the public debt ratio to remain at a very higher percent of GDP... Full Report
  • 10 Nov 2015
    • Moody's expects lacklustre global growth to undermine resilience to shocks in 2015-17
      Global growth will be held back by the gradual slowdown in China and the weaker picture in other emerging markets in the next two years. We forecast average G20 GDP growth of 2.8% in 2015-17, a level that is too low to support significant central bank rate rises or cuts to government debt. Subdued growth means authorities lack the ample buffers usually created at the top of the business cycle to cope with shocks…Full Report l Press Release
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