The pandemic has led to a significant increase in government debt in both advanced economies and emerging markets. Although many will stabilize their debt in the near term, some sovereigns will struggle to rebuild fiscal buffers given structural deficits or weak growth potential.
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Nearly half of the largest global corporate emitters of greenhouse gases are not well-prepared for a rapid carbon transition scenario. However, certain industries are better positioned than others. Decarbonization efforts in the auto manufacturing and power generation sectors are improving their alignment to Paris Agreement goals.
The food & supermarket sectors must step up efforts to tackle the global nutrition and health crises and contribute to the Sustainable Development Goals (SDGs) of zero hunger and good health and well-being
Recovery in credit quality underway; corporate rating actions reveal a thoughtful and measured approach to credit
Moody’s analysis indicates that G20 financial institutions have nearly $22 trillion of exposure to carbon-intensive sectors1. On balance sheet bank loans account for 60% of this, and asset managers’ equity holdings for another 30%. Large rated insurers’ invested assets, which are weighted towards cash and government securities, account for the remainder.
The UNGC encourages businesses to build a more sustainable future by tackling human rights, labour, anti-corruption and environment principles. Whilst slowly improving, our data indicates that there is still considerable work to be done to better embed these principles into corporate strategies.
During the second half of the 20th century, malls became a centerpiece for shopping and entertainment. But starting in the 21st century, e-commerce began to erode brick-and-mortar retail. What does this mean for the future of the mall?
Office rents are falling and vacancies are rising in the wake of the shift to working–from–home, and commercial property rents are taking a hit as a result. For five US metros with major business districts – New York, Boston, Chicago, Washington, DC and San Francisco – the impact of lower rents on their property tax revenues will vary according to each city’s tax assessment framework.
Rent to fall 1% to 3% at US and Europe REITs / REOCs in the next 12 – 18 months with empty cubicles pointing to problems for office landlords while structural shifts are accelerating for retail landlords
The Crossover Zone refers to ratings closest to the line between speculative grade and investment grade. Potential fallen angels have begun to ebb and potential rising stars continue to rise as major economies rebound with the roll-out of COVID-19 vaccines. These trends should accelerate in the coming quarters.
