Despite diversified business models and healthy access to capital, continued capital spending on oil and gas production and insufficient non-hydrocarbon investments indicate sustained exposure to a rapid transition
Moody’s EMEA B3N List peaked during the 2020 pandemic and, following a brief recovery, has turned higher as central banks have aggressively raised rates to tame inflation
Issues such as food insecurity spur authorities to respond through policy and investment. Governments with limited fiscal capacity will struggle to meet public demands while restoring fiscal balance.
The downturn is transmitting impact directly through channels such as lower supply-chain activity and indirectly via a feedback loop of a dampened economic environment and weak sentiment.
Continued demand from non-property sectors will support steel production and the need for raw materials like iron ore and metallurgical coal.
As interest rates rose, elevated risks in asset-liability management drove rating downgrades for US-domiciled banks. The median US bank baseline credit assessment fell closer to the global median.
Investment-grade companies will pay more for funding; lower-rated speculative-grade companies face limited market access and higher interest cost, adding to default risk
Private capital expansion is driving deeper market interlinkages with systemic implications. Insurance company acquisitions, private credit investing are key drivers
The Corporate Sustainability Reporting Directive will establish new, mandatory disclosure requirements for large, medium and small companies. An estimated 50,000 companies will fall under its scope. Over time, market participants can anticipate positive impacts with regards to the quality, availability and consistency of ESG disclosures.
Consumers are spending less on non-essential items after indulging during the pandemic