Visual narratives to walk you through important topics across industries, sectors, and regions.
August 25, 2021

US and Europe REITs / REOCs’ negative outlook is constrained by tough conditions for office and retail landlords

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

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August 16, 2021

Crossover Zone: Potential fallen angels ebb, rising stars grow amid recovery

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.

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July 23, 2021

Property sector plays a key role in China’s economy, with far-reaching and significant influence across other important sectors

Nearly 25% of China's GDP is from property and related sectors along its supply chain. The Chinese government closely regulates the property sector, through policy and control over funding, to ensure its long-term stability and to contain risks to the financial system

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July 16, 2021

Social risks will weigh on emerging market sub-sovereigns for years

Regional and local governments in emerging markets generally report weaker infrastructure and higher levels of poverty and inequality than their advanced economy peers. Given their limited capacity to address these challenges, we expect that social considerations will continue to weigh on their growth and financial metrics.

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July 15, 2021

Emerging markets have relatively higher exposure and sensitivity to physical climate risk; adaptation strategies still untested

Physical climate risk is broadly credit negative for sovereigns, particularly for emerging markets with climate-dependent economic structures and low-quality infrastructure and healthcare systems. Many have begun to take measures to increase climate resiliency, but fiscal and institutional constraints may slow adaptation efforts, which have yet to be widely tested.

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July 15, 2021

Non-Financial Corporates: COVID-19 Dashboard (Q2 2021)

Recovery in credit quality underway; corporate rating actions reveal a thoughtful and measured approach to credit

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July 12, 2021

Financial Institutions - Global: Rating activity normalizing as outlooks trend positive

The number of downgrades each month has dropped from a peak in April 2020, and rating activity is now more normal. Most rating actions are affirmations, and the trend is for more stable and positive outlooks as credit conditions improve. Looking ahead, reopening economies and business model changes are in focus.

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June 23, 2021

ESG Controversies: Six Trends to Watch

Climate change, biodiversity loss, COVID-19 and protests against inequality are shifting the landscape for investors at an unprecedented rate.

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May 19, 2021

Uneven economic and population trends will contribute to diverging credit environment for US cities

Regional economic disparities are accelerating as the US recovers from the coronavirus-induced recession. On average, cities located in the fastest-recovering metro areas will see stronger tax base and revenue growth than their peers in slower-to-recover regions.

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April 30, 2021

Non-Financial Corporates: COVID-19 Dashboard (Q1 2021)

Recovery in credit quality under way; corporate rating actions reveal a thoughtful and measured approach to credit

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